October 23, 2013 9:29 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, Wunderlich Securities analyst Abhishek Sinha initiated coverage 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: LGCY) with a Buy rating and $31.00 price target.In the report, Wunderlich Securities noted, “We are initiating coverage of Legacy Reserves LP (LGCY) with a Buy rating and $31 price target. LGCY is an oil & gas upstream MLP headquartered in Midland, TX, having properties in the liquids-rich Permian Basin, Mid-Continent, and the Rocky Mountains. The company is liquids levered with 67% liquids in its production mix versus its peer average of 51%. With a long and successful acquisition track record, liquids-rich portfolio, and a solid coverage ratio, we believe LGCY should continue to trade at a premium to its peers and yield attractive returns with a strong potential for distributions growth. The company announced yesterday a 1% q-o-q increase in its distributions ($2.34/unit annualized) and an increase in its borrowing base from $737.5mm to $800mm.”Legacy Reserves LP closed on Tuesday at $28.73.
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