March 19, 2015 4:06 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.
Dresser-Rand Group Inc. (NYSE: DRC) shares fell 2 percent Thursday after a skeptical article appeared in a German magazine concerning its pending $7.6 billion acquisition by Siemens AG (OTC: SIEGY).http://www.manager-magazin.de/unternehmen/industrie/siemens-zukauf-dresser-rand-sperrt-sich-gegen-integration-a-1024471.htmlManager Magazine said Thursday that Siemens has met resistance from Dresser managers in formulating integration plans leading up to the merger. The report cited unnamed sources.Dresser-Rand expects the deal, unveiled in September, will close by this summer, although European Union antitrust regulators recently extended their deadline to rule on the merger to July 14.Dresser-Rand, which supplies oilfield equipment, recently said it will cut its workforce by 8 percent in a move it said is "not a result or in anticipation" of the Siemens merger."It's in response to the expected activity levels present in the marketplace," Dresser-Rand said.The extended EU antitrust investigation of the will add $200 million to the merger's cost according to the magazine report.Dresser Rand last month said its recent fourth quarter included pretax merger costs of $5 million.Dresser changed hands recently at $79.10, down $1.50.a German magazine published rueful comments of Siemens executives
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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