UPDATE: Deutsche Bank Upgrades Chevron Oil to Buy - Chevron (NYSE:CVX)

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.

Deutsche Bank raises its rating on Chevron (NYSE: CVX) to Buy from Hold, with an increased price target of $130 (previously $115), as it adopts a defensive approach towards oil demand destruction. Deutsche Bank notes, "Going defensive on oil demand destruction and better US supply. We are rotating our recommendation deck away from offense, with oil-levered stocks into large cap defense. ...In refining we see evidence of both demand destruction and excess product supply especially around Chicago but the overall picture is positive. ...We are more cautious on levered refiners at this time."CVX closed at $109.61 on Tuesday.

27% profit every 20 days?

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