April 17, 2012 10:07 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.
In a research report published earlier today, Bank of America said Comerica (NYSE: CMA) reported a solid 1Q12 beat this morning.According to Bank of America, "We think the investors will like the quarter, although, with the stock up 20% YTD, we caution the bar for outperformance was set high. CMA posted loan growth of 3% annualized, beating our estimate ($43.0bn vs. $42.0bn) on better C&I growth. Management guidance for moderate average loan growth in 2012 remained unchanged, however, which we think could tamper investor's enthusiasm. Lending margin also beat our forecast (3.19% vs. 3.16%), although this was due to higher recognition of accretable yield from the SBIB acquisition, which we view as a lower-quality beat. Ex the higher accretable yield recognition, CMA's lending margin was in line with our expectations."Bank of America maintains its Neutral rating and $33 PO on Comerica, which closed yesterday at $30.86.
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.
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