March 24, 2011 8:21 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.
Morgan Keegan has issued a report on HCP Inc. (NYSE: HCP) issuing 30 million share to finance the acquisition of HCR Manor Care.According to the report, "HCP issued 30 million shares, upsized from 24 million, at $36.90 yesterday. The company will use the proceeds to help finance its $6.1 billion acquisition of HCR Manor Care. Part of the proceeds will be used in lieu of 25.7 million HCP shares for $852 million of consideration. We had expected this, given that HCP shares had appreciated over 11%. This appreciation can be viewed as reducing HCP's purchase price, financing the acquisition of 9.9% of the operating company, or adding to working capital."HCP has an Outperform Rating and a $43.00 Price Target.HCP closed yesterday at $36.85.
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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