July 9, 2013 11:02 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 Tuesday, Jefferies analyst Brad Handler downgraded the rating on
Pioneer Energy Services Corp. (NYSE: PES) from Buy to Hold, and lowered the price target from $9.00 to $8.00.In the report, Jefferies noted, “Drilling efficiencies and an even-more muted gas outlook could leave the U.S. rig count flat for two years. We think drillers likely chase the ongoing displacement of mechanical rigs by AC rigs. The result, in our view, is ongoing higher capex, less earnings growth and less-than-attractive shares. We downgrade HP and PES to Hold from Buy, although HP's FCF and leadership leave it as our preferred stock in this segment.”Pioneer Energy Services Corp. closed on Monday at $7.10.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.