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 Legacy Reserves (NASDAQ: LGCY) with a Neutral rating and $28.00 price target.
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 noted, “We are initiating coverage of LGCY with a Neutral rating and a $28 Dec 2013 price target. Since the partnership's IPO in January 2007, LGCY has driven consistent distribution growth with healthy coverage via intelligent acquisitions. In addition, LGCY's lack of a general partner lowers the partnership's cost of equity capital, making acquisitions further accretive to the LP. Although we favor the partnership's history of distribution growth, lack of a general partner, and historically conservative approach to maintenance capital accounting, we believe the market is already applying a justifiable premium to LGCY and thus initiate at Neutral.”
Legacy Reserves closed on Monday at $25.61.