May 1, 2013 10:42 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 Wednesday, Cantor Fitzgerald analyst Peter Prattas initiated coverage on Potash Corporation of Saskatchewan (NYSE: POT) with a Buy rating and $50.00 price target.In the report, Prattas noted, “PotashCorp is the world's largest fertilizer company by capacity and is responsible for ~20% of global potash supply. The potash sector is oligopolistic enabling highly attractive pricing and margins ensuring that the company will be securely profitable in slower periods and exceedingly profitable during economic expansion. Shares offer an attractive dividend that we expect can double as PotashCorp's expansion initiatives wind down.”Potash Corporation of Saskatchewan closed on Tuesday at $42.10.
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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