April 12, 2012 8:13 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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 this morning, J.P. Morgan has upgraded AT&T (NYSE: T) from Neutral to Overweight, and has increased PT from $31 to $33.In the report, J.P. Morgan commented, " In wireless we believe AT&T could see better than expected revenue growth from tablets and ARPU growth from its existing base via price increase efforts. Wireline could benefit from stabilizing penetration in the U-Verse footprint and a rebound in enterprise spending. We expect cash return to remain high with $10.4b (5.8%) in dividends in 2012 and $5b (2.8%) in share buybacks. Going forward, cash returns to shareholders could be supported by even a small increase in revenue and lower capex as 4G wireless and U-Verse needs abate. We see current levels as a solid entry point with AT&T underperforming the S&P 500 by 8% YTD."AT&T closed yesterday at $30.45.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.