June 23, 2016 1:45 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.
TransDigm Group Incorporated (NYSE: TDG) revealed Thursday that it completed the acquisition of ILC Holdings, Inc., the parent company of Data Device Corporation ("DDC") for $1.0 billion in cash. According to the company, it financed the acquisition with cash proceeds from the recently completed term loan, as well as, notes offerings.On May 24, the companies announced about the acquisition. DDC is a leading supplier of databus and power controls and related products that are used primarily in military avionics, commercial aerospace and space applications. TransDigm said that the company's core MIL-STD-1553 databus product line has a big installed base of systems throughout the globe spanning hundreds of unique military and commercial platforms. DDC revenues are expected to be more than $200 million in the fiscal year ended December 2016 with about 75 percent coming from the defense market and the remainder primarily from the commercial transport market. about 70 percent of revenue is generated from the aftermarket.The stock traded 0.97 percent higher on Thursday.
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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