UPDATE: Citigroup Downgrades SeaCube Container Leasing to Neutral Following Acquisition - Box (NYSE:BOX)

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.

Citigroup downgraded SeaCube Container Leasing (NYSE: BOX) from Buy to Neutral and raised the price target from $21.00 to $23.00.Citigroup commented, "SeaCube's Board agreed to be acquired by Ontario Teachers Pension Plan for $23 per share in cash, 13% above Friday's $20.30 closing price and 130% above the company's IPO price of $10 in October 2010. … We are lowering our rating on SeaCube from Buy to Neutral, while increasing our target price to $23, in line with Ontario Teachers' offer, as we expect the shares to trade closely in line with the offer price."SeaCube Container Leasing closed at $20.30 on Friday.

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!