27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Frontier Communications Corp (NASDAQ: FTR) recently announced that Daniel J. McCarthy will be replacing Mary Agnes Wilderotter as the company's CEO. In February, Frontier also entered a deal with Verizon Communications Inc. (NYSE: VZ) to buy the latter's wireline business worth $10 billion.
Wilderotter was on Bloomberg Friday to discuss the company's succession plans and acquisition strategy.
The New CEO
“I have been the CEO at Frontier now for 10 and a half years now, and when you run a large company like this and transform a company, part of what your responsibility is as CEO is to make sure there's continuity in succession,” Wilderotter said.
“And I have been grooming someone for the last 10 and a half years, Dan McCarthy, and he is terrific. He is also 10 years younger than I am. So, he has the opportunity for a great run at the company as well.”
Related Link: Frontier Communications Corp To Participate In Investor Conference
Verizon's Assets Acquisition
On whether the $10 billion deal with Verizon is too big for the company to handle, Wilderotter replied, “Absolutely not. We have done a number of acquisitions since I have been at the company. The company was right around a little less than a billion when I joined, and with this deal, we will be at $12 billion. So, we have a great competency in our company on conversions and integration.
“We did a very large deal with Verizon about five years ago. We bought 14 states, which tripled the size of our company, and those were fixer-upper states. And in addition, we also bought the whole state of Connecticut from AT&T last year – closed on that and integrated it as well,” she concluded.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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