December 9, 2013 12:23 PM | 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, J.P. Morgan analyst Katherine Lucas Minyard reiterated an Overweight 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: PSX), and raised the price target from $68.00 to $81.00.In the report, J.P. Morgan noted, “We have an Overweight rating on PSX shares. We believe PSX is positioning itself for healthy earnings and cash flow growth, with advantaged feedstock opportunities driving margin expansion, increasing exposure to international markets via export capacity growth, and an increasing contribution from the petrochemicals business as large-scale capacity additions are brought online. Our December 2014 price target of $81 for PSX results in 14% potential upside from current price levels, based on our margin modeling assumptions, with a 2.2% dividend yield supporting potential total returns.”Phillips 66 closed on Friday at $71.24.
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