August 24, 2012 7:48 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.
ABG Sundal Collier reduced its rating on Golar LNG (NASDAQ: GLNG) from Buy to Hold and reduced its price target from $45 to $42. ABG Sundal Collier noted, "Golar LNG reported a good Q2; EBIT of USD 58m was 11% ahead of our forecasts and 3% ahead of consensus. The quarterly dividend run-rate was also increased by USD 0.05 to USD 0.4 per share, corresponding to an annualised yield of 4%. On the negative side, we see momentum fading with no uptick in long-term shipping rates, no immediate drop-down candidates and no short-term upside on dividends. We also lower our EBIT forecasts for 2013 and 2014 by 3% and 10%, respectively, and reduce our quarterly DPS forecast to a current run-rate of USD 0.4."Golar LNG closed at $37.77 on Thursday.
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.
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