June 1, 2012 8:53 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.
Pritchard Capital Partners raises its rating on Endeavour International Corporation (NYSE: END) from Neutral to Buy and raises its price target from $13 to $21. Pritchard Capital Partners comments, "END yesterday announced the closing of the acquisition of an additional 23.43% WI in the Alba field in the UK North Sea from ConocoPhillips (COP, $52.16-NR) . We are putting the COP acquisition back in our numbers, thus raising our NAV and price target to $21 and $14 from $13 and $10. Our 2012 EPS/CFPS estimates go to $1.06/$4.10 from ($0.32)/$1.26 primarily driven by the increase in our production forecast to 11.9 MBoe/d from 6.6 Mboe/d which is slightly offset by higher operating expenses and the PRT tax."END closed at $9.99 on Thursday.
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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