August 9, 2012 6:48 AM | 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.
JP Morgan raised its rating on Beazer Homes (NYSE: BZH) from Underweight to Overweight as the company has put a turnaround plan in motion. JP Morgan noted, "In concert with our industry sector update report published today, we are upgrading BZH to Overweight from Underweight. Following its capital transactions last month, liquidity concerns have been adequately addressed, in our view, and as such we do not expect an additional equity raise at least over the next 12 months. Moreover, we note that its turnaround plan has begun to yield solid progress in terms of sales pace, while positively, the company is now turning its focus to gross margin expansion. Lastly, valuation is attractive, in our view, as BZH currently trades at 0.65x P/B (ex-adj. FAS 109)."Beazer Homes closed at $2.67 on Wednesday.
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.