November 6, 2012 7:31 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.
Barclays lowered its rating on China Telecom (NYSE: CHA) from Overweight to Equal-weight as it no longer sees a favorable risk reward to shares. Barclays commented, "CT continues to execute extremely well in driving scale in mobile and returning to modest growth in fixed-line, in our view. Expectations look reasonably priced in though, and we see no material catalysts on a 12-month view. Thomson Reuters consensus expectations are for 30.6%/25.7% earnings growth into 2013E/14E – we see the risk of downward earnings revisions hereon. This, along with a lack of catalysts and valuation that is not cheap, leads us to downgrade our rating to EW (from OW)."China Telecom closed at $57.79 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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