March 4, 2013 11:10 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.
Stifel Nicolaus maintained McDermott International (NYSE: MDR) with a Buy rating and lowered the price target from $18.00 to $15.00.Stifel Nicolaus said, "4Q12 EPS of $0.17 missed consensus by $0.06 as project overruns, cost increases and lower productivity in the Asia Pacific and Atlantic regions impacted EPS by $0.14. … MDR shares fell ~16% in the day as the company now expects the Atlantic segment (13% LTM revs, 19% backlog) to be drag on 2013 results vs. the prior view of slightly profitable due to under absorption and continued reorganization headwinds. The updated view is a drag on OPM% of 3%-4%, keeping the 2013 OPM% guidance in a range of 7%-10% versus the long-term target of 10%-12%."McDermott International closed at $10.70 on Friday.
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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