October 15, 2012 1:19 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.
Citigroup reiterated its Buy rating on Memorial Production Partners (NASDAQ: MEMP) and raised its price target from $20 to $23. Citigroup noted, "On 10/01/12, MEMP announced that its general partner approved a quarterly distribution of $0.495 for the third quarter. The third quarter distribution represents an annualized amount of $1.98 per unit, which is an increase of $0.06 per unit compared to annualized distribution of $1.92 per unit paid for 2Q12. Notably, year to date, the partnership has increased the distribution by 4.2% compared to minimum quarterly distribution of $1.90 per unit announced at the time of the IPO. In addition, incorporated into our financial model is an additional 3% increase to the distribution per unit in 2013 and 2014."Memorial Production Partners closed at $19.85 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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