Goldman Sachs Provides Color on Insurance

by Benzinga Staff
June 30, 2011 6:35 AM | 1 min read | Make a Comment

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 provided color on the insurance sector. In a research report published today, Goldman selected its top picks from the sector. These are: Prudential Financial (NYSE: PRU), LPL Investment (NASDAQ: LPLA) and Ameriprise Financial (NYSE: AMP), all Buy rated.On Wednesday, Prudential added 1.71% to its value to end the day at $63.06. Its shares continued to climb higher in today's pre-market trading, rising 0.06% to $63.10. Ameriprise rose 1.91% on Wednesday to close the day at $57.19. At the same time, LPL Investment added 1.53% to its value to end the day at $34.47. Its shares moved slightly higher in today's pre-market trading, rising 0.05% to $34.49.

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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Posted In: Analyst ColorAnalyst RatingsAmeriprise FinancialAsset Management & Custody BanksFinancialsGoldman SachsLife & Health InsuranceLPL FinancialPrudential Financial

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