August 12, 2013 9:22 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, D.A. Davidson analyst Jeff Rulis 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: CACB) from Underperform to Neutral, and raised the price target from $4.00 to $6.25.In the report, D.A. Davidson noted, “With the DTA allowance recovery now a certainty, we value CACB as a franchise with more limited overhanging issues but still constricted earnings potential. The credit improvement and reduction of regulatory burden/cost is commendable, plus the recent pick-up in loan growth is encouraging. We are increasing our price target from $4 to $6.25, which equals ~1.5x our 2014 TBV estimate. This valuation improvement reflects continued efficiency and growth improvement, but also incorporates a growing takeout premium as overhangs are eliminated from this stock. Accordingly, we are raising our rating on CACB shares from Underperform to NEUTRAL.”Cascade Bancorp closed on Friday at $5.97.
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