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.
On First BanCorp (NASDAQ: FBNC)'s $97 million acquisition of Carolina Bank Holdings Inc. (NASDAQ: CLBH), Keefe, Bruyette & Woods thought the deal wasn't all that surprising.
Given First BanCorp management has been actively seeking acquisition possibilities, KBW anticipated a move soon. The deal should net First Bancorp a solid presence in Greensboro market and help provide to its balance sheet growth in KBW's opinion.
Despite the positive views on the acquisition, the analyst maintained a Market Perform with a $20 price target. They hedge this maintained rating, as they remain "favorably inclined on this growing NC franchise."
Shares of First BanCorp remain relatively unchanged for the day at $18.29.
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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