UPDATE: Jefferies Downgrades Exco Resources; Lowers PT

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 a research report published earlier today, Jefferies has downgraded Exco Resources (NYSE: XCO) from Hold to Underperform, and has lowered PT from $7 to $4.Jefferies commented in the report, “We're downgrading to Underperform on natural gas weakness, deteriorating liquidity, a light 2013 hedge position, and too few meaningful organic oil growth opportunities. Given all of the above, our optimism for sizable liquids acquisition has waned.”Exco Resources closed yesterday at $6.95.

27% profit every 20 days?

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