UPDATE: Wunderlich Securities Cuts PT to $3.50 on BTU International; Low Solar Demand

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.

Wunderlich Securities lowers its price target from $4.50 to $3.50 on Hold-rated BTU International (NASDAQ: BTUI) as solar orders remain depressed and shares trade near cash value. Wunderlich Securities comments, "BTUI International (BTUI) reported 1Q11 results on May 1, after the close, and met consensus estimates for revenue of $16.3 million and a loss per share of $0.21. It also guided to lower revenue in 2Q12 so we are cutting estimates and lowering our price target. Margins will be hurt by underutilized facilities in the U.S. and China and there may be a further write-off of older inventory."BTUI closed at $2.98 on Wednesday.

27% profit every 20 days?

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