Rodman & Renshaw Maintains Energy XXI Market Outperform, $38 PT

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.

Rodman & Renshaw maintained its Energy XXI (NASDAQ: EXXI) Market Outperform rating and $38 price target in a research report published today.In the report, Rodman & Renshaw states, " EXXI has been hit hard by the group pullback over the last few months, and we think the stock is undervalued at current levels, trading at only 0.6x our NAV. Given this, we're buyers of EXXI as we see ~60% upside from current level."Shares of Energy XXI closed today at $22.89, down 4.51% from Tuesday's market close.

27% profits every 20 days?

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