November 18, 2013 8:40 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 Monday, Citigroup analyst Itay Michaeli reiterated a Buy rating on
Meritor (NYSE: MTOR), but lowered the price target from $10.00 to $9.00.In the report, Citigroup noted, “We rate Meritor (MTOR) shares Buy/High Risk (1H). We view the stock as an optimal vehicle to position for a recovery in commercial vehicles, where leading participants are expected to benefit from a multi-year recovery following severe downturns in North America and Europe. We believe Meritor has both the capability of achieving roughly $500 million of EBITDA under recovered industry volumes and the potential to see its trading multiples shift higher as a function of the company's focus away from the light vehicle segment.”Meritor closed on Friday at $7.03.
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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