UPDATE: Citi Lowers Buckeye Partners' PT

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 this morning, Citi has lowered Buckeye Partners' (NYSE: BPL) PT from $53 to $49.In the report, Citi said, "Operating results disappointed again as adj. EBITDA of $118.7 mil came in 12% below Consensus est. of $135.0 mil and 14% below our est. of $138.6 mil. The miss in earnings came from weaker performance in almost all segments. DCF for 1Q was $77.7 mil compared to our est. of $91.7 mil, providing distribution coverage of 0.81x. Mgmt maintained distrib. at $1.0375/unit ($4.15 annualized), up 3.8% YoY."Citi maintains its Sell rating on Buckeye Partners, which closed yesterday at $53.44.

27% profit every 20 days?

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