December 24, 2012 11:39 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.
In a report published Monday, Citigroup reiterated its Neutral rating and $45.50 price target on The Shaw Group (NYSE: SHAW).Citigroup noted, “Reported 1Q13 EPS (i.e. ex Westinghouse) of $0.44, which is in-line with our estimates and above consensus of $0.37. Revenues of $1.37 billion were higher than our expectation of $1.21 billion. The Power segment reported a gross margin of 6.5%, which was due to lower volumes resulting from the completion of several projects. Notably, the F&M segment reported a margin of 17.8%, which beat our estimate of 15.5% due to higher than expected volumes (i.e. nuclear ramp up and Middle East activity).”The Shaw Group closed on Friday at $46.55.
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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