UPDATE: Sterne Agee Upgrades Whiting Petroleum to Buy on Potential Deals

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.

Sterne Agee upgraded Whiting Petroleum (NYSE: WLL) from Neutral to Buy and announced a $62.00 price target.Sterne Agee noted, "Whiting's valuation disparity should narrow as it advances potential asset monetizations. Our analysis suggests two potential transactions could raise close to $1.2 billion to accelerate exploratory drilling programs, pay down debt and/or initiate a dividend. We support the company's efforts to unlock value and believe the investment community will do the same as it gains more clarity on the timing and scope of deals."Whiting Petroleum closed at $47.23 on Tuesday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!