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, July 21 through Sunday, July 23, 2017.
Wal-Mart's Asda Considers £4.4B Bid for B&M
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:
Wal-Mart's (NASDAQ:WMT) UK supermarket unit Asda is considering an acquisition of discount retailer B&M, according to sources as reported by the UK Sunday Times. The offer is £4.4 billion ($5.7 billion), the sources said.
Asda was acquired by Wal-Mart in 1999 for £6.7 billion.
Wal-Mart closed at $76.15 on Friday, up 13 cents.
Amazon Acquires GraphIQ
The Deal:
Amazon.com, Inc. (NASDAQ:AMZN) acquired GraphIQ. The Santa Barbara, California-based GraphIQ was acquired in May to work on Amazon's Alexa virtual assistant.
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.
Amazon closed at $1,025.67, down $3.30.
Tesoro Logistics Submits Proposal to Acquire Western Refining Logistics
The Proposal:
On July 20, Tesoro (NYSE:TSO) delivered a proposal to the Chairman of the conflicts committee of the board of the general partner of Western Refining Logistics LP (NYSE:WNRL) offering to acquire all outstanding common units of WNRL in an equity deal for 0.4906 common units of Tesoro for each WNRL common unit. The offer was reported in an amended 13D filing.
Tesoro now owns 52.5 percent of Western Refining Logistics.
Western Refining Logistic closed at $25.75, down 10 cents.
KKR Near All Cash Deal to Acquire WebMD
The Rumor:
KKR & Co. L.P. (NYSE:KKR) acquired WebMD Health Corp. (NASDAQ:WBMD) for $66.50 per share in cash, in a deal valued at $2.7 billion.
WebMD closed at $55.19, down 6 cents.
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.