June 12, 2013 9:09 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, Stifel Nicolaus analyst Craig Stanley reiterated a Buy 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: MUX), but lowered the price target from $3.05 to $2.75.In the report, Stifel Nicolaus noted, “McEwen Mining (MUX) announced it is halting the sale process of Los Azules and will examine the potential for building the El Gallo Phase II silver project as a heap leach mine (thereby removing a potential equity overhang). As a result of delaying development of El Gallo Phase II (which more than offsets increasing production at the El Gallo Phase I heap leach gold mine), corporate production guidance has been reduced from 290,000 to 225,000 gold equivalent ounces in 2016. We are reiterating our Buy rating on the shares of McEwen Mining but are lowering our target price from $3.05 to $2.75. Our target price is derived from 1.1x our NAV of $2.50/share calculated at Stifel's gold and silver price forecasts.”McEwen Mining closed on Tuesday at $2.31.
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