Weight Watchers International, Inc. (NYSE: WTW) will not be taking part in a rumored joint show with Oprah, sources close to the network confirmed.
Earlier in the day, rumors began circulating that Oprah and ABC (Walt Disney Co (NYSE: DIS) were planning a four-episode series featuring the healthy lifestyle company and its spokeswoman, media mogul Oprah Winfrey.
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However, shortly before 11:30 a.m. EST, a source shot down the story by saying no such plans were taking place.
Following this reveal, Weight Watchers was seen reacting negatively to this, quickly dropping from $14.88 to $14.72.
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.