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.
- Cowen analyst Thomas Boyes initiated PureCycle Technologies Inc (NASDAQ:PCT) with an Outperform rating and a price target of $31, implying an upside of 138.65%.
- Boyes mentions that PureCycle's patent-protected polypropylene recycling technology is highly differentiated as it produces near virgin-like plastic resin that can be used in higher-value applications than those made by traditional recyclers, giving them a first-mover advantage in a large and growing market.
- The analyst believes it warrants a discount relative to established players, given that PureCycle is a pre-revenue company with new technology in a developing part of the market.
- Recently, PureCycle Technologies signed a memorandum of understanding with Mitsui & Co., Ltd. to develop and operate a recycling facility in Japan to transform polypropylene waste into Ultra-Pure Recycled Polypropylene.
- Price Action: PCT shares are trading higher by 5.39% at $13.69 during the premarket session on Thursday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!