January 29, 2016 2:36 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.
According to
The Wall Street Journal, Foxconn raised its offer to acquire Sharp, the struggling Japanese electronics manufacture.Foxconn is best known for being a key manufacturer of
Apple Inc. (NASDAQ: AAPL) devices. However, the company has been eyeing an acquisition of Sharp to expand its business line and sell its own branded products directly to consumers.Related Link:
Report: Apple Supplier Foxconn Eyes $5.3 Billion Acquisition Of iPhone Display Maker SharpThe Wall Street Journal reported on Friday that Foxconn raised its offer to acquire Sharp to offer 659 billion yen (approximately $5.45 billion) from a previous 625 billion yen.Meanwhile, the Innovation Network Corp of Japan (INCJ), a public-private partnership between the government of Japan and 19 major corporations, was also said to be interested in acquiring Sharp and combining parts of its business with Japan Display Inc, in which the fund is the top shareholder.Reuters, citing its sources, reported that the INCJ was expected to present a plan of action that may have included a capital injection of 300 billion yen into Sharp and up to 350 billion yen of financial assistance from the company's 2 main lenders. However, the fund's Executive Director Tetsuya Hamabe told reporters that "no formal decision has been made."
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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