December 10, 2012 9:23 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Topeka Capital Markets raised its rating on A.M. Castle (NYSE: CAS) from Hold to Buy and increased its price target from $13 to $16. Topeka Capital Markets commented, "We recently hosted investor meetings with the management of CAS, including the new CEO Scott Dolan. While we understand initiatives to improve the structure and general operating efficiencies within the Company have been in the planning stage for some time, we sensed a greater urgency in implementing them. We also believe the scope and breadth of the initiatives are likely more vast given Mr. Dolan's fresh perspective on the Company as well as his extensive operating experience and expertise. While macro risks remain for CAS, we believe the operational and structural changes that are likely underway will dramatically improve the Company's earnings potential."A.M. Castle closed at $12.75 on Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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