December 31, 2012 12:05 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.
In a report published Monday, Canaccord Genuity reiterated its Hold rating and $5.50 price target on Callon Petroleum Company (NYSE: CPE).Canaccord Genuity noted, “Callon has ~32.5K net 100% operated acres in the Permian Basin, a meaningful position for a company its size. Initial horizontal Wolfcamp results have been good, and the company has begun testing other formations in the Northern Midland Basin that could become value adders in 2013. GOM assets generate strong, fairly consistent cash flow to support solid onshore growth. All this said, we have not seen enough horizontal well results yet in the Permian to be more positive on the stock, and therefore maintain our HOLD rating.”Callon Petroleum Company closed on Friday at $4.53.
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.