November 27, 2013 8:49 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 Wednesday, Citigroup analyst Donald Fandetti reiterated a Neutral rating 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: CSE), and raised the price target from $12.00 to $14.00.In the report, Citigroup noted, “We are updating our model to reflect Q3'13 results. CSE reported Q3'13 EPS of $0.24, which included a $0.06 non-recurring tax benefit. We are raising our Q4 estimate to $0.18. Our forward estimates of $0.68 and $0.72 remain unchanged for 2014 and 2015. We are raising our target to $14. Our $14 target reflects the expected consideration to CSE shareholders for the merger, or $14.18 ($2.47 of cash and 0.2837 shares of PACW). The $14 target price represents a 1.95x multiple on CSE Q3'13 stated tangible book value of $7.21, or 20.5x our 2014 EPS estimate of $0.68.”CapitalSource closed on Tuesday at $14.12.
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