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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The agreement involves a condition that over 50 percent of shares of Everyday Health should be tenders to complete the transaction apart from regulatory approvals and other customary conditions.
Everyday indicated that its board got a fairness opinion from Qatalyst Partners and recommended shareholders to tender their shares to the offer.
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The company's co-founder and CEO Ben Wolin commented, "We are pleased to have reached this agreement with Ziff Davis, which we believe is in the best interests of Everyday Health and our shareholders and represents the culmination of a thorough review of strategic alternatives for the Company."
He added, "This compelling transaction delivers significant and immediate cash value to our shareholders, and positions Everyday Health to reach its next phase of growth. We look forward to working with the Ziff Davis team to ensure a seamless transition."
At Last Check ...
- Everday was up 11.44 percent at $10.48.
- J2 Global was up 4.28 percent at $65.37.
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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.