October 19, 2015 6:51 AM | 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.
WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced it has entered into a definitive agreement to acquire Electronic Funds Source LLC ("EFS") for a total consideration of approximately $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS' current owner. The acquisition is expected to be immediately accretive to adjusted net income. "We are very excited about the prospect of combining these two great companies, which have a strong customer orientation, aligned strategy and a complementary footprint," said Melissa Smith, WEX's president and chief executive officer. "We believe this acquisition strengthens our value proposition to customers with
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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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