April 26, 2013 8:43 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.
In a report published Friday, Wunderlich Securities analyst Kevin Reynolds downgraded the rating on Hancock Holding Company (NASDAQ: HBHC) from Buy to Hold, but reiterated the $38.00 price target.In the report, Reynolds noted, “Our price target is under review pending the company's Friday morning conference call to discuss 1Q13 results. HBHC reported 1Q13 operating EPS of $0.56, which was $0.04 below consensus. Core trends were surprisingly bad, with lower loan balances, a lower NIM, lower NII and lower fee income combining to yield a 14% sequential decline in pre-tax pre-provision income that fell short of the 6% short of consensus. To address this, management stated its goal of achieving a much lower efficiency ratio by 2016, suggesting we have a little time on this one.”Hancock Holding Company closed on Thursday at $29.54.
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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