November 30, 2011 10:53 AM | 1 min read
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.
In a flash note, Sterne Agee reiterates its Neutral rating and $83 target price on 3M Co. (NYSE: MMM) as display and graphic data points are not encouraging for the company. Sterne Agee notes, “Lower tablet and TV sales will be a negative for MMM's Display and Graphics segment, which we currently estimate to have a 10% y-o-y revenue decline in 4Q11. … We believe the company will detail the components of the 3-4% organic growth, on-going restructuring initiatives, especially at Display & Graphics, and highlight the strength in Healthcare and Consumer & Office which are now increasingly dependent on Emerging Market growth as Europe slides into recession. We would also be interested MMM's succession planning.”MMM closed at $77.24 per share on Tuesday.
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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