June 21, 2011 8:03 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.
Goldman Sachs is initiating coverage on shares of McDermott International (NYSE: MDR) with a $20 price target, and it is on Conviction Buy List.In a note to clients, Goldman writes, "We initiate coverage of MDR with a Buy rating and are adding it to the Americas Conviction List with a $26, 12-month price target. MDR is highly differentiated due to its pure exposure to offshore O&G investment, which we believe is set to accelerate due to structural supply constraints. In addition, we like MDR's position in high-growth markets like Asia Pac and Middle East. Lastly, we believe MDR is drastically under-earning in the Atlantic given low fabrication and marine vessel utilization, and a slowly burgeoning deepwater market. While our estimates are below consensus, we believe the risk/reward is compelling given the strong cycleahead."Shares of MDR lost 21 cents yesterday to close at $17.98, a loss of 1.2%.
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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