UPDATE: Gilford Securities Downgrades Eastman Chemical to Hold - Eastman Chemical (NYSE:EMN)

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, Gilford Securities downgraded its rating on Eastman Chemical (NYSE: EMN) from Buy to Hold.Gilford Securities noted, “At legacy Eastman, the propylene/propane spread was quite favorable in 1H12, and ex-Fibers the company generally shows a seasonal year-end downturn, frequently steeper than expected. Specialty Plastics is dealing with a durable goods downturn and a rebounding cost of paraxylene to $1500-$1600/mt, pressuring copolyesters.”Eastman Chemical closed on Friday at $58.32.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!