August 30, 2012 8:26 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.
Bank of America lowered its rating on Oiltanking Partners LP (NYSE: OILT) from Buy to Neutral but raises its price objective from $35 to $38. Bank of America commented, "With a current yield of 3.9% (versus an average MLP sector yield of 6.2%) and given strong appreciation we see OILT's valuation as pricing in its positive attributes, which include: 1) high quality, fee-based asset base with attractive growth opportunities, 2) an underlevered balance sheet, which should allow OILT to fund growth projects with low cost debt over the medium term, 3) strong, supportive parent in Oiltanking GmbH, 4) relatively small size, which means projects can be impactful. …[W]e see the visibility into growth at OILT as somewhat less clear than some of the partnership's peers with near-term asset drop-down potential."Oiltanking Partners LP closed at $37.24 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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