December 20, 2013 10:47 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 Friday, Imperial Capital analyst Kim Pacanovsky 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.
FX Energy (NASDAQ: FXEN) with an In-Line rating and $3.60 price target.In the report, Imperial Capital noted, “We are initiating coverage of FXEN shares with an In-Line rating and one-year price target of $3.50, about 8% above the recently quoted share price. While FX, a U.S.-domiciled E&P with operations primarily in Poland, is undervalued on a Risked Net Asset Value (RNAV) basis, we believe investors may sit on the sidelines until further delineation of the Tuchola discovery occurs, or we see positive results from other near-term drilling. While Poland has distinct advantages such as being underexplored for conventional structures as well as low royalties, FX has been plagued by delays that are essentially out of its control and due to its partner, PGNiG (the Polish state oil company), and the slow pace of permitting in Poland.”FX Energy closed on Thursday at $3.34.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.