December 17, 2012 12:06 PM | 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.
Taglich Brothers reduced its rating on Amtech Systems (NASDAQ: ASYS) from Speculative Buy to Neutral. Taglich Brothers noted, "Solar industry manufacturers should experience a second year of uncertainty with many tier 2 and tier 3 manufactures likely to shut down in 2013. Tier 1 manufacturers should gain market share and begin to rebalance the industry's supply/demand equation. 2013 capacity investments are likely to be minimal. … We increased our projected loss for FY13 to ($0.93) from ($0.51) per share on sales of $45.7 million, down from $116 million. The reductions reflect a diminished solar order backlog of $13.8 million in 4Q12 from $26.1 million in 3Q12 and solar booking of only $2.1 million."Amtech Systems closed at $3.00 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.