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.
Comcast Corporation (NASDAQ: CMCSA) announced today it would be terminating its $45.2 billion bid to merge with Time Warner Inc (NYSE: TWX). Brian Roberts, Comcast chairman & CEO, was on CNBC recently to discuss the reason for this.
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The Conclusion
“Obviously we wanted to bring the products that we have got that we are very proud of to new markets, but it’s not going to happen,” Roberts said. “So, we reached that conclusion, we always structured this deal in a way that will allow us to walk away if it looked like it wasn’t going to happen and that’s where we are at.”
Chances Were There
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Roberts was asked if he knew from the start that the chances of the deal getting completed were 50-50. He replied, “We thought we could get the deal approved. We thought we could make a good case, I think our team did, but in the end we got to move on. So, that’s where we are at today, I have to tell you we were fabulous company, I really believe that.”
“ We have had, I probably think that I am most proud of is in the last 14-15 months we have had record quarters every single quarter, we have kept our eye on the ball, the team has and we move forward from here and there’s no looking back.”
Respect The Regulations
On what changed in the regulatory environment between the time the deal was signed and now, Roberts said, “Well I don’t want to speculate…it wasn’t going to happen that was the judgement we heard and that government had reached and we have to live with it and respect that and move on.”
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.