May 9, 2012 7:28 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.
According to a research report published this morning, J.P. Morgan has increased PNC's (NYSE: PNC) PT from $76 to $78.J.P. Morgan commented in the report, "Our travels with PNC management confirmed that C&I loan growth seems to be picking up, as also seen in recent Fed data. PNC has been growing C&I loans strongly over past several quarters, gaining share and outperforming peers. Per PNC's survey of corporate customers, about 70% plan to increase capex spending, about double from a year ago. PNC's earnings should be driven by growth in several loan categories, accretion from RBC acquisition, and decline in credit costs plus near-term from high mortgage banking revenues, similar to peers."J.P. Morgan maintains its Overweight rating on PNC, which closed yesterday at $65.89.
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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