February 9, 2016 1:50 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.
Shares of
SL Industries, Inc. (NYSE: SLI), a manufacturer of power electronics and other related equipment, surged higher by more than 11 percent on Tuesday after the company
announced it has received a revised non-binding proposal from
Handy & Harman Ltd (NASDAQ: HNH).Handy & Harman is a manufacturer of engineered niche industrial products and offered to acquire SL Industries in June for $43 to $45 per share. The company is an affiliate of Steel Partners Holdings which beneficially owns 25.1 percent of SL Industries' outstanding common stock.Handy & Harman's proposal included a per share price of $43 to $45 per share. However, the proposal contemplated that company stockholders other than Steel Partners Holdings would be able to elect to receive cash or Handy & Harman stock (with Steel electing to receive all stock), subject to proration so that the aggregate consideration consisted of 55 percent cash and 45 percent Handy & Harman stock.Under the revised proposal, Handy & Harman has proposed to acquire SL Industries for $35.50 per share in an all cash transaction.SL Industries' Board of Directors has created a special committee to evaluate the proposal.
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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