November 19, 2012 7:29 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.
Sterne Agee raised its rating on Investors Bancorp (NASDAQ: ISBC) from Neutral to Buy with a $19 price target.Sterne Agee noted, "After a recent sell-off, we are upgrading Investors Bancorp to Buy from Neutral. Over the last month, the shares are down 10.4%, compared to the NASDAQ Bank index which is down 5.6%. … - In our view, the company will ultimately be able to bring a deal to market at a price to fully converted TBV range of 94%-98%, down slightly from our prior commentary of "at or slightly above fully converted TBV." An offering in this area would produce fully converted TBVs in current terms of $16.87-$17.60 per share based on 12/31/12 balance sheet data."Investors Bancorp closed at $16.29 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.