April 9, 2012 8:30 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.
Stifel Nicolaus raises its rating on Randgold Resources (NASDAQ: GOLD) to Buy from Hold and establishes a price target of $110 per share on the company's favorable outlook.Stifel Nicolaus says, "We are taking the opportunity to upgrade our Randgold rating to Buy and are introducing a $110 price target. Randgold maintains an attractive growth profile,stable operating margin outlook, and favourable exploration opportunities. Following a contraction in valuation associated with perceived political risks, investors have the opportunity to gain exposure to a high quality gold producer at a discount to historical valuation levels. Shares currently trade at a 30% NAV premium to the producer group, below the company's one year average of 36%."GOLD closed at $81.44 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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