October 24, 2012 12:10 PM | 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.
In a report published Wednesday, Deutsche Bank reiterated its Hold rating on AK Steel Holding Corporation (NYSE: AKS), but slightly lowered its price target from $6.50 to $6.00.Deutsche Bank noted, “3Q beat on h-t-e margins, but lowering PT on higher debts & lower est. AK Steel reported 3Q12 adjusted EPS of $0.25 loss vs DBe of $0.38 loss, street cons of $0.35 loss and prior guidance of $0.34-0.39 loss. EBITDA in 3Q was $36m ($27/t) vs. DBe of $30m ($22/t) with both average price & costs b-t-e. Also, other income (FX/Magnetation) helped EPS ($6m). Post 3Q, we lower our ests and also our PT to reflect higher net debt. Hold on what we see as balanced risk/reward.”AK Steel Holding Corporation closed on Tuesday at $5.19.
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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