August 27, 2012 11:23 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.
In a report published Monday, BMO Capital Markets reiterated its Outperform rating on Resolute Forest Products (NYSE: RFP), and slightly raised its price target from $18.00 to $19.00.BMO Capital noted, “Resolute (RFP) is restarting the Dolbeau SC-Paper Mill at a cost of $20 million. The keys to the restart were a competitive union labour contract and an agreement with Hydro-Quebec for the surplus power from the 26MW cogeneration system. Alliance Forest Products had built the co-gen system for $66 million and sold it to Boralex for $76 million in March 1999. RFP acquired the co-gen system for $5 million. We estimate the restart will add $20 million to cash flow or $0.14 to EPS. The mill will produce 130,000 tpy SC-B paper. Simple payback is 15 months. Resolute will balance its SC-B production to meet market demand.”Resolute Forest Products closed on Friday at $12.06.
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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