July 5, 2012 10:15 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.
Axiom Capital reiterates its Sell rating and $25 price target on Polypore International (NYSE: PPO) as it believes weak electric car sales and production will pressure the company's outlook. Axiom Capital notes, "GM produced 1,141 Chevy Volts, a 72% m/m decline, indicating a declining trend in EV battery demand and, therefore, demand for lithium-ion (Li-Ion) separations substrate, which we believe is an incremental negative for PPO as it is supplied to EV batteries used in Volt and comprises a material portion of the company's Li-ion margins. In addition, June Nissan leaf sales came in at 535 units, or growth of 4.9% m/m, following 510 units sold in May '12, or growth of 37.8% m/m, marking an acute slowdown in sales momentum (i.e., 4.9% growth in the most recent month vs. 37.8% in the prior month)."Polypore International closed at $39.96 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.