July 29, 2013 10:12 AM | 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 Monday, Citigroup analyst Brian Yu reiterated a Neutral 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: CLF), and raised the price target from $18.00 to $20.00.In the report, Citigroup noted, “Based on better than expected results and spending cuts, we have raised our 2013 EPS estimate to $2.52 from $1.97 and EBITDA improves to $1,221 mln from $1,151 mln. Due to this change our target price increases to $20/sh from $18/sh. We are maintaining our Neutral rating based on the near-term risk of a decline in iron ore pricing as China's steel production slows, and a $200 mln annual increase in the company's sustaining capex over the next 5 years.”Cliffs Natural Resources closed on Friday at $19.71.
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