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.
After Cabelas Inc's (NYSE: CAB) Bass Pro Shop announcement, the outdoor retailer’s shares rose nearly 15 percent.
The company also announced a corresponding deal with Capital One Financial Corp (NYSE: COF), with Capital One originating and servicing the Cabela’s CLUB co-branded credit card.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The transaction is expected to close in the first half of 2017, according to Goldman Sachs analyst Stephen Tanal, pending shareholder and regulatory approval.
Capital One will purchase $5.2 billion in credit card receivables from Cabela’s and also assume $5 billion in liabilities. The 10-year agreement will also include revenue and loss-sharing provisions, the terms of which haven’t been disclosed. According to Tanal, customer use of loyalty programs and credit cards will be unaffected.
“COF doesn’t expect the transaction to impact its announced capital plan,” said Tanal, noting that Cabela’s portfolio holds an about 794 median FICO score (2015).
Goldman Sachs is Neutral rated on Capital One with a 12-month price target of $77.
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.