May 22, 2012 10:37 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, Commonwealth Bank has upgraded James Hardie Industries (NYSE: JHX) from Sell to Hold, and raised PT from $6.80 to $7.40.In the report, Commonwealth Bank said, "JHX reported FY12 NPAT (before significant items) of USD140.4m (USD116.7m pcp). This was above our expectation of USD137.4m, slightly above the top-end of guidance. 4Q12 NPAT of USD32.1m was also above our expectation of USD28.6m. Operationally, however, the result was below our expectations, APFC in particular. In USFC, despite the improved volumes and lower input costs, margins remained under pressure due to higher fixed and organizational costs and continued pricing pressure. In APFC, Australian volume weakness was the primary earnings driver. JHX declared a final unfranked dividend of USD0.38ps."James Hardie Industries is currently trading at $36.52.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.