April 16, 2012 9:10 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.
According to a research report published earlier today, Fondsfinans has downgraded Royal Caribbean Cruises (NYSE: RCL) from Buy to Neutral.In the report, Fondsfinans commented, "Our recent price checks, data from independent market observers and comments from Carnival all point to one thing: Discounts have accelerated to combat weaker cruise demand. This translates into reduced yield expectations and lower estimates. Demand has been sluggish as surging fuel prices, the European financial crisis and the Costa Concordia accident dented consumer sentiment. Higher oil prices and the fire on-board RCL's Azamara Quest (two cancelled departures) also contribute to an 20% reduction in 2012 EPS estimates and 18% down on 2013E."Royal Caribbean Cruises closed Friday at $27.30.
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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