January 24, 2014 7:52 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, Compass Point analyst Michael Tarkan upgraded E Trade Financial Corporation (NASDAQ: ETFC) to Buy from Neutral, raising price target to $25.00 from $16.00.According to the report, the upgrade follows the company's reported 4Q13 earnings, highlighted by strong core brokerage activity, lower provisions, and a second consecutive cash dividend to the parent company. “Although shares have outperformed over the past 12 months, we see further upside as the company appears to have finally shifted from playing defense to offense, taking advantage of an improving retail environment and housing market,” the report noted. “In addition, unlike its other broker peers, the company can meaningfully improve EPS without another leg up in interest rates as its newfound capital flexibility should permit accretive debt paydown in late 2014. Longer term, we believe E*TRADE remains a takeout candidate given its strong brokerage franchise and as its legacy loan portfolio continues to shrink.”ETFC closed Thursday at $21.04 with shares trading down a 2.19 percent.
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.
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