UPDATE: Deutsche Bank Downgrades Buckeye Partners to Hold, Reiterates $61 PT on Valuation

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, Deutsche Bank analyst Curt Launer downgraded the rating on Buckeye Partners (NYSE: BPL) from Buy to Hold, but reiterated the $61.00 price target.In the report, Launer noted, “With this report we are downgrading BPL to Hold based on valuation. BPL rose 35% in 1Q'13 and is poised to show one of the largest increases in ebitda in the sector. In our opinion, the outlook for its growth and the valuation characteristics described including its yield of 6.8% distribution growth of 4% and distribution coverage ratio of 1.1x suggest that it is fairly valued at its current price of $61 per unit.”Buckeye Partners closed on Thursday at $$61.16.

27% profit every 20 days?

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