January 2, 2013 9:44 AM | 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 Wednesday, Credit Suisse Group upgraded its rating on United States Steel Corporation (NYSE: X) from Neutral to Outperform, and raised its price target from $20.00 to $30.00.Credit Suisse noted, “We are upgrading our rating on the shares of United States Steel from Neutral to Outperform. We see a number of compelling industry and company specific datapoints which suggest that 4Q will prove the earnings trough, with an expected steel price recovery pushing the shares higher over the next 3 months. We are increasing our 12-month target price from $20 to $30, which represents 5.2x our 2014 EBITDA estimate. We raise our 2013 estimate from $1.48 to $1.72 and 2014 from $2.02 to $3.00. X is trading at a 22% discount to the group average and a 16% discount to its historical 1-year forward EBITDA of 5.6x.”United States Steel Corporation closed on Monday at $23.87.
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.
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