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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Nexstar Broadcasting Group (NASDAQ: NXST) is in talks to acquire Media General (NYSE: MEG) for approximately $17.50 per share, according to sources as reported by Reuters on Wednesday. The deal would be valued at over $2 billion.On September 8, 2015, Media General announced it was acquiring Meredith Corporation (NYSE: MDP) for approximately $2.4 billion. On September 28, Nexstar made its first unsolicited bid of $14.50 per share to acquire Media General. Rumors of bids as high as high as $17 per share were previously reported in the media.Representatives from Nexstar, Media General and Meredith declined to comment.Media General closed at $15.99, a gain of 3.16%.Bridgestone to Increase Offer for Pep BoysThe Rumor
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New York City has concerns over Altice's $10 billion acquisition of Cablevision Systems Corporation (NYSE: CVC), according to a report from the Wall Street Journal late Tuesday. According to Mayor de Blassio legal counsel Maya Wiley, there are concerns over Altice being financially able to provide the proper customer service and infrastructure upgrades, including faster broadband speeds.Shares of Cablevision are trading well below the $34.90 per share offer due to investor worry over the deal being completed.Cablevision closed at $31.54 on Wednesday, a loss of $0.23.
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.