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, August 14, 2017.
AAOI Said to have Received a $110/Share Offer
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The Rumor:
A report out of China says Huawei Technologies Co. has submitted an offer to acquire Applied Optoelectronics Inc (NASDAQ:AAOI) for $110 per share. AAOI has hired Goldman Sachs as and advisor, the report said.
Applied Optoelectronics closed at $68.92 on Monday, up $3.08
Kraft, Coke Could Bid for Danone
The Rumor:
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France's Danone (OTC:DANOY), maker of Danon Yogurt, could be a takeover target, according to sources as reported by the New York Post. Kraft Heinz (NYSE:KHC) and Coca-Cola (NYSE:KO) are potential buyers, the sources said.
Bloomberg reported Monday that Keith Meister's Corvex Management is building a stake in Danone, saying the company is undervalued.
The U.S. ADS of Danone closed at $16.64, up $1.17.
Neff Receives $25/Share 'Superior Proposal' from 'Strategic Bidder'
The Superior Proposal:
Neff Corporation (NYSE:NEFF) announced that its Board of Directors has determined a strategic bidder has submitted a "Superior Proposal" to acquire all of the outstanding shares of Neff
common stock for $25.00 per share in cash. Under the terms of an Existing Merger Agreement, H&E agreed to acquire all of the outstanding shares of Neff common stock for $21.07 per share in cash.
H&E has the right, under the agreement to propose modifications to the terms of the Existing Merger Agreement within a five business day period.
Neff closed at $26.00, up $4.15.
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.