February 15, 2013 1:21 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 Friday, Goldman Sachs reiterated its Neutral rating on HCC Insurance Holdings (NYSE: HCC), and raised its price target from $37.00 to $40.00.Goldman Sachs noted, “We update our estimates for HCC following the 4Q12 conference call. We remain Neutral-rated. The company beat our estimates due to higher reserve development and slightly better underlying profitability, but results were otherwise in line. We are revising our estimates slightly higher to reflect higher underlying profitability in the A&H and Professional Liability segments. Also, our investment income estimates are modestly higher due to a slightly larger investment portfolio than we previously estimated, as the company continues to utilize its low-cost revolving credit facility to fund share buybacks.”HCC Insurance Holdings closed on Thursday at $39.74.
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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