November 25, 2013 8:13 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 Monday, Bank of America analyst Kenneth Bruce initiated coverage 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.
(NYSE: LEAF) with a Neutral rating and $21.50 price target.In the report, Bank of America noted, “We are initiating coverage on Springleaf Holdings Inc. (LEAF) with a Neutral rating and establishing a $21.50 Price Objective. LEAF is a leading direct subprime installment lender with an attractive branch footprint, budding acquisition platform and improving financial position. We expect LEAF to generate positive earnings in 2014 and reach +20% EPS growth in 2015. Since its IPO in mid-October, LEAF has appreciated 19% and expanded its valuation to 9.4x our 2015 EPS forecast. We think the near-term upside in LEAF may be limited, given its recent performance and relatively short history as a public company. Given the ~7% return to our current P.O., we think the shares warrant a Neutral rating.”Springleaf closed on Friday at $20.18.
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