27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
3M Co (NYSE:MMM) faces heightened PFAS risks with Democrats taking control of the U.S. Senate, according to BofA Securities.
The 3M Analyst: Andrew Obin downgraded 3M from Neutral to Underperform and reduced the price target from $200 to $170.
The 3M Thesis: The Republicans prevented major PFAS — perfluoroalkyl and polyfluoroalkyl substances — legislation from being passed under the Trump administration, Obin said in the downgrade note.
“We believe Democratic control of the relevant Senate Committee and the EPA will accelerate legislation and regulation around PFAS contamination,” the analyst said.
“Passage of relevant legislation could significantly shape PFAS cleanup and 3M’s financial liability over the next several years,” he said.
A previous analysis estimated 3M’s total pre-tax liability at around $9 billion, which includes cleanup costs and personal injury liability, Obin said.
“Negative headlines and incremental lawsuits associated with legislative and EPA actions are likely to drive de-rating of 3M shares.”
MMM Price Action: Shares of 3M were trading down 3.23% at $168.49 at last check Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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