October 31, 2012 8:36 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.
Bank of America initiated coverage on Susser Petroleum Partners (NYSE: SUSP) with a Buy rating and a $28 price objective. Bank of America said, "We view SUSP as a lower-business-risk means to gain exposure to refined products wholesale distribution, given SUSP's primarily long-term and fixed margin contracts. … In our view, growth at SUSP can be achieved through multiple avenues, including organic expansion of its third-party dealer network, drop-downs of new-build convenience stores through sale/leaseback transactions, and third-party M&A. Although not forecast in our model, we believe M&A is an important growth strategy for SUSP and believe SUSP is well-positioned to pursue third-party M&A given its unlevered balance sheet."Susser Petroleum Partners closed at $24.40 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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