December 5, 2011 9:53 AM | 1 min read |
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.
Global Hunter Securities initiates coverage on Encore Wire Corp. (NASDAQ: WIRE) with an Accumulate rating and a price target of $30 as company is seen well positioned to emerge successfully from macro weaknesses. GHS says, “we would encourage investors to build a position in WIRE on macro-related weakness as we see the company as well positioned to weather economic uncertainty and to emerge from any potentially weak near-term period successfully. We are initiating coverage of Encore Wire Corp. with an Accumulate rating and $30 price target, which is based on EV/EBITDA multiples of 9.2x and 9x our 2011 and 2012 estimates, respectively.”WIRE closed at $25.98 per share on Friday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.