November 18, 2013 10:08 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 Brian Yu downgraded the rating on
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.
Nucor Corporation (NYSE: NUE) from Buy to Neutral, but raised the price target from $52.00 to $55.00.In the report, Citigroup noted, “Based on our new commodity price forecasts we are maintaining our EPS estimates for '13 / '15 of $1.43 / $3.75, while lowering '14 from $3.30 to $3.20, and raising our target price $55/sh based on a raised 17.0x multiple on our 2014E EPS to fully reflect NUE's leverage to a potential construction recovery. However, we are downgrading NUE to Neutral from Buy following the recent share price appreciation as we no longer see sufficient upside over our 12-month time horizon to recommend the name.”Nucor closed on Friday at $53.61.
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