March 28, 2012 12:29 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.
In a company update report it released earlier today, Bank of America Merrill Lynch gave a Buy rating to Corning Incorporated (NYSE: GLW), and set a price target of $16. The update comes in relation to recent developments regarding the relationship between Corning and the electronics manufacturer Sharp Corporation (TYO: 6753).In the report, BofA Merrill Lynch said, “By our estimate, Corning, which has a co-located glass melting facility, provides 100% of the glass required for Sharp's Gen 10 facility (and over 60% of Sharp's total glass requirements), and hence should benefit from improved utilization at the Sakai City plant.”Corning Incorporated closed yesterday at $14.21.
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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