June 10, 2013 11:22 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 Monday, Jefferies analyst Stephen Volkmann downgraded the rating on
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.
(NYSE: TWI) from Buy to Hold, and lowered the price target from $25.00 to $21.00.In the report, Jefferies noted, “Our BUY rating on TWI has been predicated on 1) low valuation and 2) a belief that recent margin issues were short term and would begin to reverse in the 2Q. News late Friday suggests both margins and revenues could be pressured by industry-wide destocking (and associated pricing pressure), leaving us with only low valuation to support the shares. As such, we lower our rating to HOLD until we get more clarity on these near-term issues.”Titan International closed on Friday at $22.19.
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