October 1, 2012 2:33 PM | 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.
JP Morgan reiterated its Neutral rating on Platinum Underwriter Holdings (NYSE: PTP) and raised its price target from #37 to $41. JP Morgan noted, "We are updating our EPS estimates for Platinum Underwriters (PTP: N) to reflect a number of factors. Specifically, we are raising our 2012 FY EPS estimate by $0.42 to $3.84 to reflect an upward revision to 3Q EPS estimate ($0.77 from $0.34) due to lower than average catastrophe loss experience (we now estimate $5.0 million pretax losses versus $20.1 million previously). Note that our 3Q EPS assumptions include $16.4 million of crop insurance-related losses (on a pretax basis)."Platinum Underwriter Holdings closed at $40.87 on Friday.
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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