January 10, 2013 8:19 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.
JP Morgan downgraded City National Corporation (NYSE: CYN) from Overweight to Neutral and lowered the price target from $59.00 to $55.00.JP Morgan commented, "As we turn our outlook to 2013, while we think the company is still well positioned to deliver above peer loan growth in 2013 we see the magnitude of outperformance versus peers as narrowing considerably and, with overall credit leverage likely to increasingly abate in 2013, for sustained pressure on the company's net interest margin to result in a lower core ROTE in the year ahead. With the combination of loan growth likely to slow in 2013 (from 2012) and NIM pressure to increasingly weigh on ROTE, we also think it's going to be very tough for the company to beat consensus EPS estimates in 2013."City National Corporation closed at $6.53 on Wednesday.
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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