August 20, 2012 10:01 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.
D.A. Davidson lowered its rating on East West Bancorp (NASDAQ: EWBC) from Buy to Neutral and reduced its price target from $27 to $24.D.A. Davidson said, "We are reducing our loan and overall balance sheet growth ]rates for 2013 as management has suggested loan growth over the next few quarters may lag the numbers posted by the company in recently. With continued run-off in the higher-yielding FDIC portfolio, we think NIM compression is likely to worsen resulting in lower NII, excluding potential accelerated discount accretion benefits related to the FDIC portfolio. Accordingly, we are reducing our 2013 NIM estimate from 3.85% to 3.81%. As a result of projections for slower balance sheet growth in 2013 and the lower NIM, our estimated NII for 2013 declines 2.2% from $770 million to $753 million."East West Bancorp closed at $22.04 on Friday.
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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