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.
Pandora Media Inc (NYSE: P) has received an investor letter from Corvex that calls for the board to “explore the sales process.”
Robert "Bob" S. Peck of SunTrust Robinson Humphrey maintains a Neutral rating on the company.
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Investor Letter And Impact
Mentioning that the letter did not come as a surprise, Peck stated that M&A and shareholder activism was expected to be a potential catalyst for the stock and that the stock valuation would “top out in the mid-teens.”
“We expect Pandora shares to rally off this news, at a minimum due to short covering with nearly 23 percent of the float held short,” Peck pointed out.
The analyst also expects Pandora Media to soon publish an open response to the Corvex letter.
In fact, Peck expects the response to voice “Board support for the current strategy and leadership team.”
Potential acquirers for Pandora Media include Liberty Global plc - Class A Ordinary Shares (NASDAQ: LBTYA), AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ) and Spotify.
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.