February 5, 2013 10:05 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.
JP Morgan downgraded SandRidge Energy (NYSE: SD) from Overweight to Underweight and lowered the price target from $9.50 to $5.00.JP Morgan noted, "TPG's consent solicitation is underway and likely will have a result within a few weeks (deadline is March 15th). TPG needs a simple majority of the shares outstanding and, because of the concentration of stock ownership, has a real possibility of winning the vote. If TPG wins, the stock probably moves up, in our view. If TPG loses, the stock likely gets hit hard. Regardless of the near-term stock move, SD seemingly has to go through extraordinary measures to avoid a financial crunch, and we think too much risk exists relative to the stock upside." SandRidge Energy closed at $6.28 on Monday.
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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