January 30, 2013 8:28 AM | 1 min read |
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.
Deutsche Bank downgraded Hawaiian Holdings (NASDAQ: HA) from Buy to Hold and lowered the price target from $10.00 to $7.00.Deutsche Bank commented, "We are lowering our 2013 EPS estimate from $1.55 to $0.90 (vs. consensus of $1.34) as we think Hawaiian's margins are likely to remain under pressure for at least 1H 2013 due to: yen weakness; excess supply in several key markets; and the launch of several new markets. While we think Hawaiian will continue to remain profitable for 2013, our new 12 month price target of $7 derived from our reduced EPS forecast implies only 7% upside for HA shares from last close of $6.54. As such, we believe the shares no longer warrant a Buy rating, hence the change to Hold."Hawaiian Holdings closed at $6.54 on Tuesday.
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.
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