February 16, 2011 9:51 AM | 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.
Atlas Energy, Inc. (NASDAQ: ATLS) announced today that its shareholders have approved the pending merger between Atlas Energy and Chevron Corporation (NYSE: CVX). The proposal to approve the merger was supported at a special meeting of shareholders by approximately 99.7% percent of the votes cast by Atlas Energy shareholders. The merger is expected to close promptly. On November 8, 2010, Atlas Energy entered into a definitive agreement to be acquired by Chevron in a transaction valuing Atlas Energy at $4.3 billion. Upon closing, Atlas Energy shareholders will receive $38.25 in cash for each outstanding share owned upon the effective time of closing, and will also receive a pro-rata share of a distribution of over 41 million common limited partnership units of Atlas Pipeline Holdings, L.P. (NYSE: AHD).
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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