UPDATE: Morgan Stanley Downgrades Bonanza Creek Energy to Equal-Weight; Balanced Risk/Reward

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.

Morgan Stanley says it downgrades Bonanza Creek Energy (NYSE: BCEI) to Equal-weight from Overweight and maintains its price target on shares at $22. Morgan Stanley notes, "BCEI has established itself as a solid operator, posting good results. Yet we think stock has limited upside relative to peers, as its Niobrara inventory appears to be largely priced in." BCEI closed at $19.98 on Monday.

27% profit every 20 days?

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