June 8, 2012 2:59 PM | 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.
Bank of America reiterates its Buy rating on Chesapeake Midstream Partners (NYSE: CHKM) and increases its price target from $28 to $30. Bank of America notes, "As suggested by previous media reports, this morning before market open, Chesapeake Energy Corp. (CHK) announced plans to sell its LP and GP stakes in Chesapeake Midstream Partners (CHKM) to private equity firm Global Infrastructure Partners (GIP) for $2bn GIP has also entered into an agreement with CHK to purchase CHK's interests in its midstream subsidiary, Chesapeake Midstream Development (CMD). Finally, CHKM has entered into an agreement with CHK to acquire certain Mid-Continent gathering and processing (G&P) assets, although terms of the drop-down are still being negotiated. CHK noted it expects to receive north of $2bn in proceeds from the pending CMD sale to GIP and Mid-Con asset sale to CHKM."CHKM closed at $25.07 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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