April 18, 2012 9:32 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.
Deutsche Bank raises its rating on SemGroup (NYSE: SEMG) to Buy from Hold and increases its price target from $33 to $36 as Plains All-American (NYSE: PAA) withdraws acquisition bid for the company. Deutsche Bank notes, "Yesterday, Plains All-American (PAA, Hold, TP $82) announced that it had notified SEMG management that it was withdrawing its long-standing $24 per share bid to acquire SEMG. We have long regarded the bid as inadequate to the value of SEMG, which hasn't traded below $24 since the bid was made, but adopted a cautionary stance with the view that SEMG's share price had to catch up fundamentally to the speculative valuation it received."SEMG closed at $29.59 yesterday.
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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