April 26, 2013 10:25 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, Sterne Agee analyst Matthew Breese downgraded the rating on Beneficial Mutual Bancorp (NASDAQ: BNCL) from Buy to Neutral.In the report, Breese noted, “We are downgrading shares of Beneficial to Neutral from Buy due to the Department of Justice's investigation of the company under the Equal Credit Opportunity and Fair Housing Act and its relation to Beneficial's origination of residential and home equity loans. In our view, the investigation substantially extends the timing of the company's second step conversion announcement. Due to the removal of our near-term catalyst without a clear return time frame, we are moving to the sidelines on BNCL.”Beneficial Mutual Bancorp closed on Thursday at $9.46.
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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