January 4, 2013 12:30 PM | 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 Friday, Credit Suisse Group reinstated its coverage on United Technologies Corporation (NYSE: UTX) with an Outperform rating and $93.00 price target.Credit Suisse noted, “We think that capital allocation, cost-reduction at GR and CCS, and Otis share recovery offer interesting levers for the company to pull in 2013, and will help offset a sluggish macro environment. UTX has suffered from being viewed as a "non-US play" given its high international exposure. Since our China trip in November we have thought investor sentiment here should reverse. We also think long-cycle industrials offer a better risk/reward than short-cycle, given recent performance. Aside from the tailwind to CCS/Otis in Asia, organic growth should improve (to +4% in '13 vs 0% in '12) helped by U.S. housing trends, stabilization in Otis Europe AM, a sharp recovery in Transicold orders, and a normalization in Aerospace Systems/Pratt commercial AM.”United Technologies Corporation closed on Thursday at $84.31.
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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