May 25, 2012 10:00 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.
Wunderlich Securities initiates its coverage on Beacon Roofing Supply (NASDAQ: BECN) with a Buy rating and a price target of $30. Wunderlich Securities says, "We are initiating coverage of Beacon Roofing Supply, Inc. (BECN) with a Buy rating and a $30 target. Beacon's long-term outlook is highly attractive, as the cyclically depressed roofing industry should realize a substantial residential reroofing and new construction recovery. Beacon has been a material beneficiary of price inflation resulting in earnings power of ~3x its 2005-2006 cycle peak. Beacon remains one of the primary consolidators in a highly fragmented industry adding ~$160 million to sales in the past year (including a pending deal). While the company faces near-term uncertainty given damaging year-ago spring storms, investors should note that important hurricane demand has been non-existent since the fall of 2008."BECN closed at $25.24 on Thursday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.