27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Shares from the semiconductor sector could face pressure following the termination of merger deal between KLA-Tencor Corp (NASDAQ: KLAC) and Lam Research Corporation (NASDAQ: LRCX). The merger deal was valued $10.6 billion and fell through after concerns raised by an antitrust agency.
Both are confident about the growth trajectory on a standalone basis.
Related Link: An Updated View On Lam Research And KLA-Tencor Following Termination Of Merger
KLA-Tencor's CEO Rick Wallace commented "Although we are disappointed with this outcome, KLA-Tencor's performance over the past several quarters demonstrates the Company is executing our strategies at a high level and creating compelling value for the industry and for our stockholders."
Similarly, Lam Research believes it remains firmly well placed to deliver growth even without the merger.
The following stocks could likely see volatile trading following the news. At time of writing:
- KLAC traded up by $0.59, or 0.83 percent, to $71.80
- LRCX gained $2.73, or 2.84 percent, to $98.90
- Intel Corporation (NASDAQ: INTC) shed $0.15, or 0.39 percent, to $37.84
- NVIDIA Corporation (NASDAQ: NVDA) traded at $67.10, down $1.14 or 1.66 percent
- Advanced Micro Devices, Inc. (NASDAQ: AMD) fell $0.14, or 2.06 percent, to $6.64
- Applied Materials, Inc. (NASDAQ: AMAT) shed $0.03, or 0.10 percent, to $29.91
- Veeco Instruments Inc. (NASDAQ: VECO) added $0.58, or 2.77 percent, to $21.50
- Nanometrics Inc (NASDAQ: NANO) traded at $22.34 gaining $0.09, or 0.39 percent
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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