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.
Mindray Medical International Limited (NYSE: MR) announced Tuesday, that it has entered into a definitive merger agreement to be acquired by Excelsior Union Limited and Solid Union Limited for $28 per share in cash, in a transaction valuing Mindray at approximately $3.3 billion. The merger is expected to close in Q1 of 2016, subject to shareholder approval.Mindray shares rose 7% Wednesday, closing at $26.62.Hearing Unconfirmed Market Chatter of Exxon Mobil Bid for HessThe Rumor:
Shares of Hess (NYSE: HES) spiked higher Wednesday, on unconfirmed market chatter of a potential offer from Exxon Mobil. The acqusition price was said to be $76 per share in cash or approximately $21 billion.Spokespersons for the companies could not be reached for comment.Hess shares rose $0.27 Wednesday to close at $60.42.Merger Talks Between Morgans Hotel, SBE Collapse With No DealThe Rumor:
Merger talks between Morgans Hotel Group Co. (NASDAQ: MHGC) and Sam Nazarian-led SBE Entertainment Group, have fallen apart, according to sources, as reported by the Wall Street Journal on Wednesday. A disagreement between the parties regarding the terms of the deal was said to be the reason for the breakdown in the potential deal.Morgans Hotel shares rose almost 2% Wednesday to close at $112.78.Expedia to Acquire HomeAway for $3.9BThe Deal:
- Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) announced Wednesday an agreement, under which Expedia will acquire HomeAway for $38.31 per share, including $10.15 in cash and 0.2065 of a share of Expedia common stock. The total equity value is approximately $3.9 billion.The companies expect the transaction to close in Q1 of 2016.Expedia shares closed at $134.17 on Wednesday, and rose 2.5% after-hours. Homeaway closed at $32.04 and traded at $39.00 after-hours.
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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