July 20, 2012 12:00 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.
In a report published Friday, Credit Suisse Group reiterated its Outperform rating on PPG Industries (NYSE: PPG), and raised its price target from $122.00 to $133.00.Credit Suisse noted, “Core PPG multiple expansion-PPG has long had a discounted multiple to its US coatings peer group (SHW, VAL and RPM) largely owing to its ownership of the commodity chemical segment, which has added volatility and to a lesser degree capital intensity to their portfolio. With this asset gone, we believe PPG's EV/EBITDA multiple should expand at least to 9X 2013 (with the peer group averaging 9.7X). GGC ownership-PPG shareholders will benefit from the structure of this asset sale (using Reverse Morris Trust) not only from the tax free status, the $900 mil in cash and $182 mil of assumed debt and Minority Interest but also by getting 50.5% of the new GGC. With this GGC ownership they have the unlocked value of the synergies of between the two ($115 mil) as well as exposure to a US housing recovery in the legacy GGC assets.”PPG Industries closed on Thursday at $11.96.
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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