December 7, 2015 5:32 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.
ANADIGICS, Inc. (Nasdaq: ANAD) today announced the expiration of the previously-announced "Go-Shop Period" and the receipt of Acquisition Proposals (as defined in the GaAs Labs Merger Agreement referenced below) for the Company. As previously announced, on November 11, 2015, ANADIGICS entered into an agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC ("GaAs Labs") would acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all cash tender offer and second step merger (the "GaAs Labs Merger Agreement"). Under the terms of the GaAs Labs Merger Agreement, ANADIGICS was permitted to solicit alternative Acquisition Proposals (as defined in the GaAs Labs Merger Agreement) from third parties during the "Go-Shop Period," which ended at 11:59 p.m. New York City time on December 6, 2015. ANADIGICS today announced that its efforts during the "Go-Shop Period" have elicited Acquisition Proposals, which the Board of Directors of the Company has determined are likely to lead to an offer superior to that reflected in the GaAs Labs Merger Agreement
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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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