January 30, 2013 2:00 PM | 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.
In a report published Wednesday, Citigroup reiterated its Neutral rating on Waddell & Reed Financial (NYSE: WDR), and raised its price target from $35.00 to $39.00.Citigroup noted, “While the flow outlook is improved into 2013 – and bouncing from a tough 4Q – we remain on the sidelines as: 1) valuation appears full; and, 2) we see better capital return stories elsewhere in our coverage. Stock bounced on 1/29 on the notion flows are inflecting into 1Q with equities additive to already strong FI volumes. That said, key from here will be sustainability beyond typical seasonal patterns and slower redemption activity. We prefer WETF and BLK among Traditionals when overlaying valuation + flow/EPS leverage.”Waddell & Reed Financial closed on Tuesday at $39.14.
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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