July 1, 2013 11:23 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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, BMO Capital Markets analyst Andrew Kaip downgraded the rating on
Pan American Silver Corp. (NASDAQ: PAAS) from Market Perform to Underperform, and lowered the price target from $19.50 to $9.50.In the report, BMO Capital Markets noted, “BMO Research has ranked 24 proposed silver mines outlined in the report titled ‘Silver Sector Analysis – Potential New Silver Mines Assessed.' In the report, BMO Research recommends that investors increase their exposure to low-cost producers with high-quality development projects due to the declining metal price environment. The decline in metal prices, in conjunction with PAAS's high all-in costs, has negatively impacted PAAS's valuation in the near term, with the company currently trading at 3.9x its 10% nominal NPV estimate. A lack of clarity on growth is also expected to weigh on PAAS over the medium term.”Pan American Silver Corp. closed on Friday at $11.64.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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