UPDATE: Deutsche Bank Upgrades Freeport-McMoRan to Buy on Investor Acceptance to Deal - Freeport-McMoRan (NYSE:FCX)

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.

Deutsche Bank raised its rating on Freeport-McMoRan (NYSE: FCX) from Hold to Buy with a reiterated $40 price target. Deutsche Bank noted, "Freeport's $20bn move into energy was a shock (FCX -20% in 2 days) due to unexpectedness, high leverage, unclear industrial rationale, premiums paid and potential conflicts of interest but we believe investors will eventually move past "anger" and to "acceptance" as we assume the deal will go through and the share price decline over-penalizes the stock."Freeport-McMoRan closed at $33.95 on Wednesday.

27% profit every 20 days?

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