UPDATE: Bank of America Lowers PT on Tullow Oil from 2000p to 1990p

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.

Bank of America has published a research report on Tullow Oil (LON: TLW) lowering the price target.In the report, Bank of America wrote, "Tullow's partner Kosmos indicate that production at the Jubilee field currently stands at c80kb/d and that is now likely to reach plateau by end-11 instead of in August as Tullow indicated at their trading update (5 Jul). The issue appears to be related to the underperformance of one well and mechanical issues on the water injection side."Bank of America rated Tullow Oil a BUY with a price target lowered from 2,000p to 1,990p. Tullow Oil closed Wednesday at 1,000p.

27% profit every 20 days?

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