November 7, 2012 8:01 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.
Cantor Fitzgerald raised its rating on Warner Chilcott (NASDAQ: WCRX) from Hold to Buy and increased its price target from $14 to $15. Cantor Fitzgerald commented, "We believe that WCRX has traded down significantly post the secondary offering due to a lack of catalysts, minimal expectations of near-term M&A, and continued concerns around the 2014 patent cliff. While we also remain cautious around the patent cliff, we do think the stock is oversold, especially ahead of what we believe to be a very strong quarter. …. Because of the more attractive valuation (driven by lower SG&A, a lower discount period, and additional cash expected in 3Q:12), the dip in share price and the potential for positive catalysts, we have upgraded our rating from HOLD to BUY."Warner Chilcott closed at $11.35 on Tuesday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.