August 28, 2012 7:35 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.
Citigroup reduced its rating on Petrologistics LP (NYSE: PDH) from Buy to Neutral, both High-Risk, with a reiterated $12.75 price target. Citigroup noted, "There is limited visibility on the propane-topropylene spread widening in the near term, in our opinion. As propylene price increases have likely been delayed by one quarter, we have lowered our 3Q distribution/unit to 27c (-6c), but raised 4Q to 38c (+6c). Our target price remains unchanged at $12.75/unit. The units carry an attractive yield of ~12%, so investors are getting paid to wait for spreads to improve. However, underlying volatility is high and we prefer to wait for a better entry point when visibility improves."Petrologistics LP closed at $13.07 on Monday.
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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