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.
- Benchmark analyst Reuben Garner upgraded TopBuild Corp (NYSE:BLD) to Buy from Hold with a price target of $275, implying an upside of 22.7%.
- The rating was updated after the company announced the acquisition of Distribution International from Advent in an all-cash transaction valued at about $1 billion.
- Garner states the market may be "slow to digest," as the stock was up just over 1% on the day following the deal announcement; however, he would "take advantage of the disconnect" given he likes the deal.
- Garner added the deal is expected to be accretive to EPS and cash-flow positive in year one, adds a market-leading position in a new $5B addressable market, and diversifies the company into a "secular growth opportunity that reduces cyclicality."
- Additionally, Keybanc raised the price target to $260 (implying an upside of 16.05%) from $255 and maintained Overweight ratings on the shares.
- Price Action: BLD shares closed higher by 1.70% at $223.73 on Thursday.
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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