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 Monday, March 27, 2017.
Spotify Acquires MightyTv
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 Deal:
Spotify announced it had acquired privately-held MightyTv, whose app provides movie and TV recommendations based on personal preferences. Terms were not disclosed.
MightyTv Founder and CEO Brian Adams will be joining Spotify as VP of technology
There was spike in volume in Pandora Media Inc (NYSE:P) following the announcement.
Dow-Dupont Merger Approved in EU
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
The Approval:
DuPont (NYSE:DD) and Dow Chemical (NYSE:DOW) announced the European Commission has granted conditional regulatory approval in Europe of their proposed merger. As part of the conditions, DuPont will divest its Cereal Broadleaf Herbicides and Chewing Insecticides portfolios and will also divest its Crop Protection research and development pipeline and organization. DuPont will continue to develop and bring to market, seed treatment, nematicides and late-stage R&D programs.
On February 2, Dow announced an agreement with SK Global Chemical Co., LTD. to divest its global Ethylene Acrylic Acid copolymers and ionomers business, conditioned on Dow and DuPont closing their merger transaction. Dow and Dupont continue to work on obtaining clearance for the merger in other jurisdictions and they are confident that will happen.
DuPont closed at $80.58, up $0.98. Dow closed at $64.02, up $0.94.
DryShips Acquires Four Modern Newcastlemax Vessels for $124M Cash
The Deal:
DryShips Inc. (NASDAQ:DRYS) announced it has entered into agreements with unaffiliated third parties to acquire four modern Newcastlemax bulk carriers of approximately 206,000 DWT and with an average age of 3.0 years. DryShips expects to take delivery of the vessels before the end of June 2017.
DryShips closed at $1.40, up $0.05.
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.