July 16, 2012 2:00 PM | 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.
In a report published Monday, Guggenheim Securities downgraded its rating on Helmerich & Payne (NYSE: HP) from Buy to Neutral, but lowered its price target from $70.00 to $48.00.Guggenheim noted, “Asset value case can still be made; however, expectations of lower rig counts and margins suggest to us the stock could be dead money for the next six to nine months. Looser rig market is likely to create slippage in AC newbuild cycle; we now expect HP fleet to double in seven years, not five, reducing our DCF value by $4/shr. We expect stock support to come from a buyback (under its existing authorization), which could be a use of cash until newbuilds again become viable.”Helmerich & Payne closed on Friday at $43.19.
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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