December 14, 2012 1:53 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.
JP Morgan initiated coverage on Ultrapar Participacoes (NYSE: UGP) with a Neutral rating and a $25. JP Morgan commented, "In our view, Ultrapar has a very attractive profile: solid earnings growth and low risk resulting from a consistent operating strategy with a focus on organic expansion, a strong market presence in each of its businesses, and a disciplined usage of capital. However, we see UGP's positives priced in as the company trades at high multiples of 10.2x EV/EBITDA and 20.5x P/E that should limit further share upside and implies a premium to its global peer's average selling at 7.9x and 17.0x for 2013, respectively."Ultrapar Participacoes closed at $20.83 on Thursday.
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.