July 31, 2012 12:53 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.
Compass Point initiated its coverage on Western Asset Mortgage Capital (NYSE: WMC) with a Buy rating and a price target of $21. Compass Point noted, "We remain generally positive on levered mortgage investing based on a few key macro premises. In the Agency mREIT space, WMC is somewhat unique as it has built a diverse portfolio capable of mitigating near term prepayment risks (our expectation is for broad based increases in Agency prepayment rates over the next several months), the dividend is growing and the stock still trades at only a modest premium to book value. Based on the company's recent dividend announcement, we believe portfolio returns are tracking slightly ahead of our modeled expectations."Western Asset Mortgage Capital closed at $20.14 on Monday.
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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