August 9, 2013 9:08 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 Friday, Miller Tabak analyst Adam Michael upgraded the 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.
(NASDAQ: ROSE) from Hold to Buy, and raised the price target from $49.00 to $55.00.In the report, Miller Tabak noted, “Rosetta Resources posted weaker than expected production in Q2 as a result of facility constraints at Gates Ranch and shut-in production at the Klotzman lease. The net effect was a loss of 2,000 Boe/d which has since been restored. We believe the large backlog of wells waiting on completion, including 19 wells at Briscoe Ranch which have average IP rates of 1,995 Boe/d (IRR's of 167%), will drive strong production growth in 2H. We are upgrading Rosetta to a Buy and raising our price target to $55 per share which represents a 4.6x multiple of our 2014 estimate of discretionary cash flow.”Rosetta Resources closed on Thursday at $46.24.
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