UPDATE: JP Morgan Downgrades Cameco to Neutral on Uranium Pricing Outlook - Cameco (NYSE:CCJ)

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.

JP Morgan reduced its rating on Cameco (NYSE: CCJ) from Overweight to Neutral. JP Morgan noted, "We are downgrading CCO to Neutral from Overweight and lowering our estimates and price target (to C$22 from C$24) to reflect our reduced uranium price forecasts and belief that uranium prices will likely remain below US$50/lb for roughly the next year. … While we don't see much further downside to either the uranium spot price or CCO's stock price, we are going to Neutral on the stock as we think it will largely trade sideways until uranium prices start to materially increase, which we don't expect to happen until 2014."Cameco closed at $17.95 on Wednesday.

27% profit every 20 days?

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