January 9, 2013 11:32 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.
Goldman Sachs downgraded Metals USA Holdings Corp. (NYSE: MUSA) from Buy to Hold and maintained a $20.00 price target.Goldman Sachs said, "Our stocks declined 20% on average in '12 on slowing growth. However, shares have bounced nicely (21%; range=0-60%; cf. S&P's 1%) since 3Q on risk tolerance and commodity gains. Also, the seasonal period to own our coverage stocks is maturing and we use the rally to reduce our Buys given reduced PT upside. … We initiated on MUSA in Sept and its shares have appreciated ~35% with the aid of ‘+' dividend news, and we now see the risk-reward in its shares as balanced pending any growth reacceleration or ‘+' corporate action."Metals USA Holdings closed at $18.00 on Tuesday.
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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