January 11, 2012 11:30 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.
ISI Group maintains its Hold rating on Essex Property Trust (NYSE: ESS) and raises its price target to $131 from $129 as the company gets ready to provide a full guidance on Thursday. ISI Group notes, "Given the continued strength in the Northern California markets and expected rebound in Southern California we would expect ESS to guide to a SS NOI growth range of 7%-10% and believe any midpoint at or above 9% will satisfy investors. Given ESS' track record, we believe it will take NOI grow guidance below 7% to garner meaningful underperformance. At the same time, with the stock trading at an implied cap rate of 4.8% we believe a meaningfully positive response by the stock would require a SS NOI guidance midpoint above 10%."ESS closed at 139.95 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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