27% profits every 20 days?
This is what Nic Chahine averages with his options 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, FIG Partners analyst Christopher Marinac initiated coverage on Oritani Financial (NASDAQ: ORIT) with a Market Perform rating and $17.50 price target.
In the report, FIG Partners noted, “We are initiating coverage on ORIT at a “Market Perform” rating & $17.50 Price Target. Our EPS estimates are $1.01 in Calendar 2014 & $1.06 in 2015. The company utilizes a different business model than most community banks with a high Loans-to-Deposits ratio and larger-than-average use of Borrowings to fund its balance sheet (see Page 2). Offsetting this is a high 18% TCE Ratio which is worth over $5.80 per share (i.e., amount above a 9% TCE ratio). ORIT's management is composed of seasoned bankers with deep knowledge of the Northern NJ markets supported by long-standing pristine credit quality (NPAs are less than 1.0% and management continues to further reduce). The funding mix is evolving towards a lower cost of funds. Over the past 5 years Core Deposits vs. CDs and Brokered funds have climbed from 22% to 68%. We believe this trend can continue as interest-bearing deposits should still reprice lower than the current level of 62bps.”
Oritani Financial closed on Friday at $16.14.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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