February 21, 2012 12:53 PM | 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.
Scotia Capital Markets maintains its Perform rating on Apache (NYSE: APA) and increases its one-year price target by $5 to $110 as the company reports above consensus for Q4. Scotia Capital Markets says, "Production of 759 Mboe/d was above our estimate of 751 Mboe/d, primarily due to strong U.S. oil and liquids volumes. The capital budget for the year is estimated at $9.5 billion and is well within cash flow at strip pricing, though it remains flexible based upon market conditions. With this budget, company-wide production is expected to grow between 7% and 13% despite over half of the capital going to projects expected to grow production in 2013 and beyond."APA closed at $107.61 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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