UPDATE: J.P.Morgan Initiates Atlas Resource Partners, LP at Neutral on Sustainable Growth Since Spinoff


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 Tuesday, J.P.Morgan analyst Alistair J Meadows initiated coverage on Atlas Resource Partners, LP (NYSE: ARP) at Neutral and established a $24 price target.In the report, J.P.Morgan noted, "Since spinning out of Atlas Energy, L.P. (ATLS), ARP has been able to growthe distribution through the purchase of long-lived, low-decline assets while maintaining relatively low leverage levels. In addition, through the partnership's unique tax syndication business, ARP effectively outsources development costs of riskier assets that may not otherwise be suitable for an Upstream MLP".Atlas Resource Partners, LP closed on Monday at $20.69.

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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorInitiationAnalyst RatingsAlistair J MeadowsIndustrialsJ.P.MorganOffice Services & Supplies