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.
According to Fortune, VMware, Inc. (NYSE: VMW) is expected to announce a large headcount reduction plan next week.
Fortune, citing "sources close to the server virtualization giant," reported that VMware could lay off up to 900 people, representing approximately 5 percent of its total workforce.
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Fortune added that while a VMware spokesman declined to comment on the report, reduction to its staff "would not be unexpected." The report pointed out that EMC Corporation (NYSE: EMC), the majority shareholder of VMware, has already announced its own massive headcount reduction plans.
Finally, the report noted that VMware, EMC and Dell are all "struggling" to "pull their $67 billion merger across the goal line."
Image Credit: By Dilan Wijesooriya (Own work) [CC BY-SA 4.0], via Wikimedia Commons
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.