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, Cowen Securities analyst Nicholas P. Pope downgraded the rating on Rosetta Resources (NASDAQ: ROSE) from Buy to Hold.
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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In the report, Cowen Securities noted, “Our long-term positive view on ROSE has been predicated on its focused Eagle Ford development drilling, strong cash flow growth, and conservative balance sheet. The recent Permian acquisition addressed inventory questions, but expanded debt and share count. We think the bulk of its new vertical Wolfbone drilling opportunity is being fairly priced into our fully-loaded NAV of $53/sh (8% discount to NAV compares to our group at a 19% discount to NAV). Also, ROSE trades at 5.4x our 2014 EV/EBITDAX estimate (vs group at 5.8x).”
Rosetta Resources closed on Tuesday at $49.18.