May 23, 2012 6:53 AM | 1 min read |
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.
DA Davidson lowers its price target on Consolidated Communications Holdings (NASDAQ: CNSL) from $19 to $16.50 as it keeps shares at a Neutral rating. DA Davidson says, "With the proposed acquisition of SURW, CNSL improves its mix of businesses toward less regulated, higher growth areas. We think CNSL will sustain its dividend through 2013, but with likely higher interest costs exiting 2014, we are hesitant to get more aggressive on the stock until we see how the SURW integration goes. We maintain our NEUTRAL rating, but our price target falls to $16.50 from $19.00 due to the decline in valuations for the rural telco group. Our $16.50 price target equates to 6.5x our 2013 pro-forma EV/EBITDA estimate."CNSL closed at $15.83 on Tuesday.
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.
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