UPDATE: Bank of America Upgrades James Hardie Industries on US Housing Sector Recovery


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 Thursday, Bank of America analyst Ben Chan 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.


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James Hardie Industries plc (NYSE: JHX) from Neutral to Buy, and raised the price target from $52.00 to $59.78.In the report, Bank of America noted, “James Hardies derives approx 80pct of earnings directly from the now recovering US housing sector which offers excellent LT earnings growth prospects when combined with expected market share gains. The valuation also benefits from a falling A$ and the balance sheet can facilitate continued strong capital management.”James Hardie Industries plc closed on Wednesday at $44.75.
Posted In: Analyst ColorUpgradesAnalyst RatingsBank of AmericaBen Chan