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, Goldman Sachs Group reinstated coverage on General Motors Company (NYSE: GM) with a Buy rating and $35.00 price target.Goldman Sachs noted, “We are removing the Not Rated designation from GM and adding the shares to the Americas Buy List with a 12-month price target of $35, implying 28% upside. We were previously Not Rated on GM, pending the completion of its purchase of 200mn shares owned by the US Treasury. Our Buy rating is anchored by our expectation for 17% EBITDA growth next year driven primarily by the convergence of NA margins towards those at Ford and a secular improvement in Brazilian profitability. Both are driven by major product refreshes into 2013, volume improvements and a benign input cost environment.”General Motors Company closed on Friday at $27.32.
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.