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 on Monday, J.P. Morgan analyst Richard Shane initiated coverage on Blackstone Mortgage Trust (NYSE: BXMT) with a rating of Overweight and a price target of $28.50.
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, J.P. Morgan stated, "We believe BXMT is uniquely positioned due to its relationship with Blackstone (NYSE: BX, Not covered), which operates the largest real estate private equity fund in the world. From a macro perspective, the supply/demand imbalance in commercial real estate loans lends BXMT leverage in pricing as well as the ability to be selective about investments. The company currently trades at 1.0x book value, below the industry average. As BXMT ramps its portfolio, we believe the company's superior earnings power will warrant a premium valuation."
Blackstone Mortgage Trust closed on Friday at $25.14.