July 26, 2013 12:16 PM | 1 min read |
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 Friday, BMO Capital Markets analyst Joel Tiss reiterated a Market Perform rating on
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.
(NYSE: KMT), and raised the price target from $41.00 to $44.00.In the report, BMO Capital Markets noted, “Kennametal reported FY 4Q (June) EPS of $0.76 and guided 2014 EPS in a range of $2.90-$3.10, bracketing our $3.05 estimate coming into yesterday's print. We are encouraged by the conservative/ realistic set of assumptions following the company missing estimates and lowering guidance three times over the past four quarters. The shares reacted well (up 2%) to the realistic guide even though it was below consensus of about $3.20 and we are beginning to believe that investors are warming up to the shares.”Kennametal closed on Thursday at $42.44.
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