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.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced Monday that its Board of Directors, after consulting with its legal and financial advisors, determined that a revised, non-binding proposal of $82.75 per share in cash, from a consortium led by Anbang Insurance Group, is reasonably likely to lead to a superior proposal as defined in Starwood's merger agreement with Marriott International, Inc. (NASDAQ: MAR). Starwood stockholders would receive additional consideration in the form of Interval Leisure Group (NASDAQ: IILG) common stock from the spin-off of its vacation ownership business, Vistana Signature Experiences, and subsequent merger with ILG, currently valued at $5.91 per Starwood share.Starwood's Board has not changed its recommendation for Marriott International's (NYSE: MAR) offer of $21.00 per share in cash and 0.80 shares of Mariott stock.Starwood closed at $83.75 on Monday, up 1.97%. NTT Data Announces Acquisition Of Dell ServicesThe Deal:
Nippon Telegraph & Telephone Corp (NYSE: NTT), announced Monday it has reached an agreement to acquire Dell Services for approximately $3 billion. Dell is expextec to used the proceeds to fund its acquisition of EMC Corp (NYSE: EMC).NTT closed at $44.21 on Monday, down $0.22. Affymetrix Board Reaffirms Support for Merger With Thermo Fisher; Origin Withdraws OfferThe Offer:
Affymetrix, Inc. (NASDAQ: AFFX) announced that the Company's Board of Directors, determined that the unsolicited merger proposal submitted by Origin Technologies Corporation, LLC on March 22, 2016 does not constitute a superior proposal, as defined in the merger agreement with Thermo Fisher Scientific Inc. (NYSE: TMO) and recommended against the Origin proposal of $17.00 per share.After the close, Origin announced it was withdrawing its offer.Affymetrix closed at $34.86 on Monday, up $0.06.Virgin America Has Received Bids From JetBlue and Alaska AirThe Rumor:
Virgin America Inc. (NYSE: VA) is said to have received takeover bids from JetBlue Airways Corp. (NASDAQ: JBLU) and Alaska Air Group Inc. (NYSE: ALK), according to sources as reported by Bloomberg on Monday. The source said talks between Virgin America and the two bidding airlines are continuing. A deal could be announced as early as next week.Virgin America closed at $37.70 on Monday, up 10.33%.
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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