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, D.A. Davidson analyst John B. Rogers reiterated a Buy rating on MYR Group (NASDAQ: MYRG), but lowered the price target from $26.00 to $25.00.
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, D.A. Davidson noted, “MYR Group has recently completed work on several large transmission construction projects which generated substantial revenue, although at lower margins due to the mix of subcontractor work included. Margins on subcontracted work and materials are typically lower. Accordingly, we look for T&D revenue to decline, although margins are expected to increase, as shown in our model. We are assuming these trends continue. Despite the lower current EPS estimates, we continue to look for MYR Group to generate long-term gains, driven by solid execution on transmission work, including large potential projects expected to bid in 2013 for construction in 2014 and beyond. Additionally, increased demand for electrical distribution work and interior work should also support growth. Over the past five years the company has delivered average annual EPS growth of 15%, essentially all organic.”
MYR Group closed on Thursday at $20.62.