June 14, 2011 7:13 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.
J.P. Morgan is raising its price target from $17 to $17.50 on Venoco Inc. (NYSE: VQ) in light of the company's latest upside.Says J.P. Morgan, “After looking closely at the status of and upside from the onshore Monterey Shale play, we decided to maintain our Underweight rating despite the relatively attractive valuation. We are giving >$1/share of risked credit to VQ for the vertical Monterey play, but we need more data to de-risk it further. It might be a year or more before we get enough data. Versus other E&Ps, VQ's cash flow growth, balance sheet, and returns appear unfavorable.”J.P. Morgan maintains its Underweight rating on the stock.VQ closed yesterday at $13.05.
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.
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