February 28, 2013 8:58 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.
BMO Capital Markets upgraded Edison International (NYSE: EIX) from Market Perform to Outperform and raised the price target from $47.00 to $56.00.BMO Capital Markets commented, "With the rate case recently completed and EME (deregulated generation subsidiary) in Chapter 11 proceeding, EIX is now a largely regulated utility. Management has indicated that it expects an incremental $0.31 of EPS in 2013 related to O&M savings, certain tax benefits, and energy efficiency, which we had not previously accounted for and catalyzes our rating upgrade. We see rate certainty through 2014 and expect EIX to retain about 50% of the incremental 2013 EPS benefits in 2014. Moreover, as EIX's capex program potentially begins to decline modestly from its 2013 peak and considering its below-average dividend payout ratio, meaningful dividend growth is possible over the next few years."Edison International closed at $47.34 on Wednesday.
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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