January 22, 2013 12:42 PM | 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.
BMO Capital Markets upgraded Goodrich Petroleum Corporation (NYSE: GDP) from Market Perform to Outperform and raised the price target from $10.00 to $11.00.BMO Capital Markets noted, "We believe the cleansing the stock has suffered presents a favorable risk/reward in which to gain exposure to exploration efforts targeting the Tuscaloosa Marine Shale (TMS), both company operated and industry driven. We see a firmer backstop on valuation today to make the recommendation investors step out on the risk curve. To this we add an Eagle Ford Shale-driven 2013 game plan that we believe carries little risk of negative surprises and further isolates the TMS as the chief risk to our call. What's prompted us to make this move today is our expectation that TMS-related news on the horizon may not be negative."Goodrich Petroleum closed at $9.65 on Friday.
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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