UPDATE: Wunderlich Securities Raises Price Target on Noble Energy to $129

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.

According to Wunderlich Securities, Noble Energy (NYSE: NBL) price target is raised to $129.Wunderlich Securities said that Noble Energy (NBL) grew 2011 proved reserves by 11% to 1.2 billion boe with 120 MMboe of additions from the Marcellus JV and the horizontal Niobrara Play in the DJ basin. International additions were 78 MMboe driven primarily by Tamar. “We like NBL's diversified portfolio and we reiterate our Buy rating on this large-cap growth name.”Noble Energy closed yesterday at $103.53.

27% profit every 20 days?

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