August 8, 2012 1:35 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 Wednesday, Wunderlich Securities reiterated its Buy rating on AG Mortgage Investment Trust (NYSE: MITT), and raised its price target from $22.00 to $24.00.Wunderlich noted, “Buy-rated AG Mortgage Investment Trust, Inc. (MITT) reported 2Q12 EPS of $2.85. Excluding realized and unrealized gains and losses, net spread income per share was $0.86. This value is more indicative of funds available to pay dividends, so we are using that math to forecast earnings. Our earnings estimates are going up for three reasons: the balance sheet has increased in size, supported by increased equity; the company is more heavily invested in credit sensitive assets that support wider spreads; and prepayment speeds are likely to continue to be slow relative to generic bonds. We are raising our price target to a 10% premium to book value, or $24 per share.”AG Mortgage Investment Trust closed on Tuesday at $22.41.
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.