December 10, 2012 9:50 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.
In a report published Monday, Deutsche Bank initiated coverage on Quanta Services (NYSE: PWR) with a Buy rating and $31.00 price target.Deutsche Bank noted, “We remain bullish on the longer term growth prospects of companies involved in the transmission sector as we expect a combination of significant underinvestment, growing demand and changing policy requirements to drive 3x increase in North American transmission spending over the next 10 years. Quanta's dominant position, strong balance sheet and preferred employer status in a tight labor market should enable share gains in the transmission sector. We see additional upside from the pipeline business as key long haul projects receive regulatory approval in early 2013. Mix shift to long haul business should drive margin and share price upside, in our view.”Quanta Services closed on Friday at $26.02.
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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