November 1, 2013 10:09 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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, Raymond James analyst James M. Rollyson upgraded the rating on
Alpha Natural Resources (NYSE: ANR) from Underperform to Market Perform.In the report, Raymond James noted, “After focusing on cost cutting initiatives over the past 18 months, Alpha announced a further planned $200 million reduction to costs with its 2014 guidance. If achieved, it represents a swing to free cash flow positive in 2015, under our current met price assumption of $170/mt. Given its current liquidity position, reduced financial covenants through 2016 and improved cost outlook, we are upgrading ANR to Market Perform from Underperform. We still want to get better visibility on a met pricing recovery before getting more constructive, with a keen eye on China's sustainability and recovery in Europe/Latin America.”Alpha Natural Resources closed on Thursday at $7.00.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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