January 13, 2012 9:53 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.
KeyBanc Capital Markets has published a research report on Diamond Foods (NASDAQ: DMND) and has downgraded the company from Buy to Hold upon investigations being conducted by Federal Prosecutors to discover whether financial practices at the company involved criminal fraud.In the report, KeyBanc writes, "Despite our downgrade, we continue to believe that the Company's audit investigation will reveal that DMND has properly accounted for the various payments it makes to its growers. Furthermore, we believe, even in the worst case scenario, the stock is worth at least $44 (break-up value). Said differently, although we continue to believe DMND's management team will be vindicated and think the stock is undervalued, it is impossible to defend the stock when so many high profile agencies are investigating/inquiring into the Company's practices and the management team has its hands tied."KeyBanc Capital Markets has removed its $76 price target on Diamond Foods, which is currently trading $2.48 from yesterday's $33.13 closing price.
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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