October 25, 2013 11:08 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 Friday, Sterne Agee analyst Matthew Breese 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: BNCL) from Neutral to Buy, and named an $11.50 price target.In the report, Sterne Agee noted, “While Beneficial remains under investigation by the DOJ, we believe resolution is possible within 12-18 months. Shortly after the investigation, we believe Beneficial will conduct a second step conversion, a strategy previously considered by the board. By our estimates, a second step could be completed at an offering price to tangible book value of 90% with resulting year-end 2014 book values of $12.17-$12.85. With the stock trading at 78% of these figures, we believe shares now look attractive.”Beneficial Mutual Bancorp closed on Thursday at $9.75.
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