February 1, 2013 7:33 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.
Bank of America downgraded Constellation Brands (NYSE: STZ) from Buy to Neutral and lowered the price target from $42.00 to $33.00.Bank of America said, "It is unclear to us whether the DOJ will prevail in its case against ABI or if the two sides can still reach a settlement; however, it does appear that the final resolution has been delayed and could take as long as a year. As a result, we think the stock could remain range bound as the issue is sorted out in the courts. We are lowering our FY14E EPS from $2.77 to $2.16 to reflect our expectation for delayed timing of the Crown transaction. Our $33 PO implies 15.2x our new estimate, essentially maintaining the target multiple but applying to a lower earnings base."Constellation Brands closed at $32.36 on Thursday.
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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