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 Monday, Jefferies analyst Daniel Furtado reiterated a Hold rating on American Express (NYSE: AXP), and raised the price target from $62.00 to $75.00.
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, Jefferies noted, “With limited avenues for top line growth, card stocks are mainly expense control and capital return stories at this point in the cycle. Heading into Q2 earnings, credit is likely to be a tailwind, with reserve releases probable. We see DFS & AXP the best positioned to surprise.”
American Express closed on Friday at $78.33.