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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Axiall Corporation (NYSE: AXLL) announced Friday, that its Board has unanimously rejected an unsolicited and conditional proposal on January 25 from Westlake Chemical Corporation (NYSE: WLK) to acquire all of the outstanding common shares of Axiall for $20.00 per share, including $11.00 in cash and 0.1967 share of Westlake stock.Axiall President and CEO Timothy Mann said "We believe that Westlake's proposal is an opportunistic attempt to take advantage of challenging public equity market conditions and significantly undervalues Axiall's assets and its long-term prospects.Axial closed at $17.93 on Friday up 83%.Agria Receives Preliminary Proposal for $1.20/ADS Cash
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Agria Corporation (NYSE: GRO) announced Friday, that its board of directors had received a preliminary non-binding proposal letter, dated January 28, 2016, from executive chairman, Guanglin Lai and his wholly-owned company Brothers Capital Limited, to acquire all of the outstanding ordinary shares of the Company not owned by the buyer for $1.20 in cash per ADS. The Agria Board formed a special committee to consider the proposalAgria closed at $1.12 on Friday, up 2.75%.Walter Investment Acquires Residential Credit Solutions AssetsThe Deal:
Walter Investment Management Corp. (NYSE: WAC) announced Friday, it has completed the acquisition of certain assets from Residential Credit Solutions, Inc., a wholly owned subsidiary of American Capital Mortgage Investment Corp. (NYSE: MTGE), through its wholly owned subsidiary Ditech Financial LLC. Terms of the deal were not disclosed.Walter Investment Management closed at $9.89 on Friday, up 2%.
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.