July 3, 2012 8:49 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.
Topeka Capital Markets reiterates its Buy rating on Wynn Resorts (NASDAQ: WYNN) but lowers its price target from $180 to $170. Topeka Capital Markets notes, "We are reducing our 2012 EPS forecast for WYNN from $6.00 to $5.94 and lowering our price target on the stock from $180 to $170. For 2Q12, we have lowered our EPS forecast from $1.68 to $1.62 to reflect slower Macau market same-store revenue growth. Notwithstanding our expectation of a more moderate near-term pace of revenue growth in Macau, we believe WYNN's valuation belies the Company's large premium to its fair share of Macau market EBITDA, as well as the potential long-term contribution from the Company's Cotai project."WYNN closed at $102.15 on Monday.
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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