October 12, 2010 1:51 PM | 1 min read |
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Manulife Financial Corporation (NYSE: MFC) has received notice of an unsolicited "mini-tender" offer made by TRC Capital Corporation to purchase up to 5,000,000, or 0.28 per cent, of the Company's issued and outstanding common shares. The offer price of $12.40 per share was 4.62 per cent below the $13.00 closing price of Manulife's common shares on the Toronto Stock Exchange on September 29, 2010, the date immediately preceding the date the offer was commenced. On October 8, 2010, the closing price of Manulife's common shares on the Toronto Stock Exchange was $12.41.Manulife makes no recommendation as to whether shareholders should tender their shares in response to TRC's unsolicited offer. However, securities administrators in Canada and the United States have recommended that investors exercise caution in connection with "mini-tender" offers because they are subject to few regulatory requirements. Shareholders should consult their investment advisors regarding the TRC offer.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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