November 15, 2012 1:13 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.
Deutsche Bank initiated coverage on Westport Innovations (NASDAQ: WPRT) with a Buy rating and a $38 price target. Deutsche Bank noted, "We see an inflection point for natural gas vehicles (NGVs) (and Westport shares) from 2013 as engine technology advancements (plus resulting new product introductions) increase the served available market opportunity and accelerate NGV penetration. Diminishing infrastructure bottlenecks and a resulting increase in OEM interest in this technology should drive additional upside to our/consensus estimates over the next 12-18 months. We believe shares are adequately discounting the near-term macro headwinds post the recent guidance revision and, considering the potential for multiple catalysts on the horizon, we believe risk-reward is attractive at current levels."Westport Innovations closed at $25.42 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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