August 30, 2012 8:25 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.
Goldman Sachs initiated its cover on Magnum Hunter Resources (NYSE: MHR) with a Neutral rating and a price target of $6. Goldman Sachs commented, "We view positively exposure to the Bakken/Eagle Ford/Marcellus shales that can drive low cost growth. However, we believe MHR is still in the process of building in these areas (potentially via restructuring/acquisitions); we view scale as crucial to confidence in longer-term execution. We believe investors will seek an additional margin of safety to compensate for potential greater volatility in operational/financial metrics until scale is demonstrated. With in-line valuation to peers adjusted for resource life, we rate shares Neutral."Magnum Hunter Resources closed at $4.49 on Wednesday.
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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