January 27, 2016 11:47 AM | 1 min read |
Foxconn, a major manufacturer of
Apple Inc.
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.
(NASDAQ: AAPL) products, has submitted an offer to acquire the troubled electronics maker Sharp.According to
Reuters, Taiwan-based Foxconn has detailed an offer to acquire the Japan-based Sharp. The publication, citing "a person with direct knowledge of the talks," reported that the company has previously offered over 600 billion yen to acquire Sharp but stopped short of detailing a restructuring plan.Reuters added that Foxconn, formally known as Hon Hai Precision Industry, has now communicated a more detailed plan which includes a promise not to cut jobs. In fact, the company's founder and chairman Terry Gou has also met with Japanese officials to discuss a potential acquisition."Hon Hai's offer is detailed," Reuters source said. "I'ts considerably realistic and can't be ignored."Another "industry source" told the publication that Foxconn's offer is "serious."
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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