January 23, 2012 9:58 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.
Sterne Agee reiterates its Buy rating on East West Bancorp (NASDAQ: EWBC) as it sees the company to provide a good story in the current environment. Sterne Agee says, "We continue to recommend EWBC, as we still believe relative to the banking space outperformance for the shares is likely as a higher valuation ensues from less consternation about the NIM as run-off of covered assets occurs. We are maintaining our above consensus estimates for FY12/13 of $1.80 and $2.02 per share, respectively, noting additional modest upside could occur if organic loan growth continues to exceed expectations. We are increasing our PT to $25, based on 12.5x our FY13E."EWBC closed at $22.02 a 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.
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