August 28, 2013 10:15 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 Wednesday, BMO Capital Markets analyst John Reucassel reiterated an Outperform 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: BNS), but lowered the price target from $67.00 to $65.00.In the report, BMO Capital Markets noted, “Scotiabank reported cash EPS of $1.39. Excluding unusuals, cash operating EPS were $1.32, up from $1.15 last year and ahead of the consensus estimate of $1.30. Scotia reported good results in its two highest multiple businesses – Canadian banking and Global Wealth – but results were overshadowed by concerns in International Banking. Q4/13 is expected to mirror Q3/13, suggesting that concerns on International Banking could linger for at least another quarter. We believe these concerns are overdone given the dividend increase, good operating track record in international markets, growth opportunities outside of International Banking and strong credit performance.”The Bank of Nova Scotia closed on Tuesday at $55.06.
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