March 25, 2013 12:23 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 Monday, Bank of America analyst Glenn D. Engel reiterated a Buy rating on Alaska Air Group (NYSE: ALK), and raised the price target from $60.00 to $70.00.In the report, Engel noted, “We are raising our 1Q estimate to $0.63 ($0.39 a year ago) from $0.53 and our full year 2013E to $6.25 from $6.15. 1Q yield gains are running a point better than 4Q gains and above our estimates. ALK now expects 1Q13 mainline CASM to decline 2% yoy, a point better than its initial forecast. ALK projects a slight decline in its full year non-fuel CASM as compared to the 2% cost inflation expected for the sector. Over the past decade, ALK has nearly closed its cost gap relative to the low fare average.”Alaska Air Group closed on Friday at $62.85.
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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