September 30, 2013 10:25 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, FIG Partners analyst John Rodis initiated coverage on
1st United Bancorp (NASDAQ: FUBC) with an Outperform rating and $8.50 price target.In the report, FIG Partners noted, “We are initiating coverage of 1st United Bancorp with an ‘Outperform' rating. Our 12-month price target is $8.50/share representing potential upside of ~ 17%. On a YTD basis, FUBC shares have increased ~ 16% vs. the peer group median increase of ~ 21%. Our earnings estimates for 2013, 2014 and 2015 are $0.23, $0.37 and $0.48/share, respectively. Our 3Q13 operating estimate is $0.06 vs. the consensus estimate of $0.04/share. FUBC has shown relatively strong balance sheet growth over the last few years primarily driven by strategic acquisitions. Since 2005, the Company has completed seven bank acquisitions in Florida including three FDIC-assisted transactions. As a result, the Company has now built an attractive Florida-based franchise with ~ 26 branches throughout the South and Central part of the state.”1st United Bancorp closed on Friday at $7.27.
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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