September 11, 2013 10:03 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, D.A. Davidson analyst Gary P. Tenner 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: BBCN) from Neutral to Buy, and reiterated the $16.50 price target.In the report, D.A. Davidson noted, “Loan production in the third quarter should remain strong with improved net loan growth, given a decline in the pace of loan prepayments compared to the elevated levels that impacted second quarter growth. Additionally, some loan closings that had been expected to occur in 2Q slipped into the third quarter. The impact of losing some producers to a competitor in the Korean-American bank space is not expected to have a material impact on loan balances. BBCN continues to maintain elevated capital levels following the 2011 capital raise that accompanied the closing of the Nara Bancorp and Center Financial merger. The company has increased its dividend payout to $0.075 per quarter and recently completed the acquisition of Fosters Bankshares. BBCN management believes there will be opportunities to further consolidate the Korean-American bank space, although the size of those opportunities will be modest. BBCN is also considering other business line expansion strategies including single-family residential, factoring, and leasing.”BBCN Bancorp closed on Tuesday at $13.47.
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