October 19, 2012 7:04 AM | 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 raised its rating on Home Loan Servicing Solutions (NASDAQ: HLSS) from Neutral to Buy and raised its price target from $15 to $21. Citigroup commented, "While the stock has performed well, we see further upside on expected dividend increases and the hunt for yield pushing the valuation higher. Plus investor sentiment for MSR related companies remains strong and HLSS should continue lowering their cost of capital as new funding markets are opening up to finance MSR advances/assets more efficiently. The lower cost of capital should boost dividends above our expectation and we see another 10% div increase next qtr. In terms of future growth, OCN's $120B+ UPB provides a natural pipeline for additional portfolio acquisitions. We also view the 7% dividend yield as attractive and dividends are on an upward trajectory."Home Loan Servicing Solutions closed at $18.64 on Thursday.
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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