July 27, 2012 11:15 AM | 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.
Deutsche Bank maintained a Hold rating on Molina (NYSE: MOH) and lowered its price target from $23 to $22.Deutsche Bank wrote, “While the majority of MCOs have missed 2Q earnings expectations, we think MOH will likely claim the prize for posting the most significant operating loss on a per share basis at $(0.80). On the call MOH walked through its plan to get Texas back to break-even by year end and disclosed a 6% rate increase effective 9/1. After hearing MOH's more sobering update on Texas, we think CNC's guidance to return to normalized margins in TX with a +3.7% rate update appears much more aggressive. We cut ests and trim PT to $22 from $23. Remain Hold with strong top-line growth offset by margin pressure.”Molina closed at $25.29 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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