January 30, 2013 8:28 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 US Bancorp (NYSE: USB) from Overweight to Neutral and lowered the price target from $39.50 to $37.50.JP Morgan said, "Revenue growth in the industry is slowing due to low rates and tough fee revenue comps in 2013. USB has benefited from the crisis by growing additional businesses to drive revenue growth faster than peers over last couple of years – notably mortgage originations, which offset slowdown in payments processing fee growth. As these new businesses mature and mortgage origination revenues decline, USB's revenue growth is slowing and we expect the gap in revenue growth for USB to narrow versus peers. In addition, USB is already the leader in efficiency ratio and has limited room to make large expense cuts."US Bancorp closed at $33.33 on Tuesday.
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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