NOV Sees Higher Demand - NOV (NYSE:NOV)

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.

National Oilwell Varco (NYSE: NOV) reported better than estimated EPS in its 2Q, showing $0.97 over Dahlman's $0.95. Net new orders were up to $660M while backlog revenue decreased to $1.25B, mostly from offshore projects.National Oilwell Varco has increased inquiries for upgrades and replacement of existing equipment due to pending legislation over blowout prevention requirements, allowing for a potential backlog that could net between hundreds of millions to billions of dollars in the coming quarters, according to Dahlman.Demand is high, and the price target is at $75 while Dahlman reiterates its "buy" rating. National Oilwell Varco closed yesterday at $38.88.

27% profit every 20 days?

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