October 25, 2012 12:34 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.
Stifel Nicolaus raised its rating on Brown & Brown (NYSE: BRO) from Hold to Buy and established a $32 price target. Stifel Nicolaus noted, "We're raising our rating on BRO's shares to Buy from Hold, with a 12-month target price of $32 per share, driven by three factors: 1. BRO's 2013 contingent commissions (which typically carry 90%-plus margins) should grow significantly in response to the domestic insurance industry's improving underwriting profitability YTD in 2012. 2. Several of BRO's largest states are showing signs of economic stabilization and growth, which should steadily translate into revenue growth and margin expansion. 3. Recent signs of accelerating medical cost inflation should translate into worsening loss reserve development for several commercial casualty lines of business, which should accelerate rate increases."Brown & Brown closed at $25.15 on Wednesday.
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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