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.
FireEye Inc (NASDAQ:FEYE) spiked Thursday on rumors of a possible takeover by Lifelock, Inc. Cincarious Research posted the news in a ZeroHedge article, citing sources in the security space.
“We were told the company is seeking to expand offerings and the added cyber-security depth from FireEye on the government level is what LifeLock wants, badly,” the note read. “The deal is set for $16 per share for a total valuation of $2.7 billion.”
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See Also: The Bullish Case For Cybersecurity In 2017
Lifelock was acquired by Symantec Corporation (NASDAQ:SYMC) on February 9, and its new parent had issued previous bids for FireEye throughout 2016.
A source familiar with the matter lent credence to the latest ZeroHedge report, but told Benzinga negotiations between FireEye and Symantec are still in very early stages and may not lead to a deal.
Following Benzinga's report of the issue, shares popped an additional 5 percent. The stock traded recently at $11.50, up 2.4 percent on the day.
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.