February 27, 2012 10:51 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.
In a research report published earlier today by Bank of America, Westar Energy (NYSE: WR) reported 2011 earnings below estimates due to higher O&M, weather and lack of COLI proceeds.Bank of America commented in the report, “WR introduced 2012 guidance of $1.85-2.00, in line with our $1.90 estimate. The key positive drivers include rate relief, 1% sales growth, $14m of COLI proceeds, a $10m reduction in depreciation, and a $7m increase in AFUDC. However, the negative drivers include a return to normal weather ($0.22) and higher O&M and SG&A expenses. We are maintaining our 2012-14E of $1.90/2.08/2.15. WR raised its dividend 3.1% to $1.32, in line with our estimate.”Bank of America maintains its Buy rating and $30 PT on Westar Energy, which is currently trading at $27.94.
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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