January 12, 2016 4:20 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.
Aspen Technology, Inc. ("AspenTech") (NASDAQ: AZPN) today announced the terms of a recommended all cash offer for the entire issued and to be issued share capital of KBC Advanced Technologies plc ("KBC") by ATI Global Optimisation LTD, a wholly owned subsidiary of AspenTech. Under the terms of the offer, KBC shareholders will receive 185p in cash for each share. The transaction values KBC at approximately £158 million or approximately $230 million at the current exchange rate. Both companies' boards of directors unanimously support the transaction. The transaction will be funded by cash on hand of approximately $91 million and committed financing. AspenTech plans to replace the committed financing with proceeds from a proposed $250 million revolving
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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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