January 7, 2013 9:02 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 upgraded its rating on Hexcel Corporation (NYSE: HXL) from Neutral to Buy, and raised its price target from $29.00 to $35.00.Goldman Sachs noted, “We upgrade shares of Hexcel (HXL) to Buy from Neutral with 22% upside to our 12-month $35 price target. We believe Hexcel will be a large beneficiary from the share shift to composites from metal on next-generation large commercial aircraft (i.e., the 787 and A350), which generates excellent visibility into several years of double-digit organic revenue growth. But HXL is also now moving from several years of capacity investment to support that growth, into the harvest phase. We expect CapEx to decline steadily and free cash and returns on capital to improve significantly. HXL has already shown it is willing to deploy cash in a shareholder friendly manner.”Hexcel Corporation closed on Friday at $28.69.
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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