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.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 10 through Sunday March 12, 2017:
Gilead Said to be Near Bid for Incyte
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 Rumor:
Incyte Corporation (NASDAQ:INCY) shares spike sharply higher Friday on a report from Street Insider that Gilead Sciences, Inc. (NASDAQ:GILD) is close to making an offer for the biotech company. That report followed a comment from Barclays analyst Geoffrey Meacham that Gilead consider companies with pipelines like those of Incyte, and also Tesaro (NASDAQ:TSRO) and Clovis Oncology (NASDAQ:CLVS).
Later in the day, Incyte filed a prospectus for 34 million shares owned by Baker Bros.
Incyte closed at $149.24, up $11.22 and traded at $152.10 after-hours.
Hearing Takeover Chatter in Palo Alto Shares Spike Higher to Session Highs as Traders Circulating Unconfirmed Takeover Chatter
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The Rumor:
Shares of Palo Alto Networks Inc (NASDAQ:PANW) spiked to a high of $119.40 on Friday on unconfirmed market chatter of a potential offer from IBM (NYSE:IBM).
Palo Alto is a frequent takeover name, with Cisco (NASDAQ:CSCO) also mentioned as a potential acquirer.
Palo Alto closed at $118.83, up $3.83.
ExxonMobil Gauges Interest of BP's Major Shareholders for Potential Takeover
The Rumor:
Exxon Mobil Corporation (NYSE:XOM) has contacted BP’s (NYSE:BP) major shareholders, which include BlackRock and Vanguard, regarding interest in a potential acquisition, according to the Evening Standard. Sources say a deal could be consummated at approximately £120 billion ($146 billion), which would make it the largest M&A deal of all time. At Friday's close, BP had a market cap of $113.42 billion.
Chevron (NYSE:CVX) is also considered to be a potential buyer. Exxon and BP declined comment on the rumor.
BP closed at $34.33, up $0.83.
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.