February 28, 2014 7:59 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, Credit Suisse analyst Marcelo Telles upgraded the 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: CIB) from Neutral to Outperform, but lowered the price target from $69.00 to $61.00.In the report, Credit Suisse noted, “Following our multi-year negative stance on Bancolombia, we decided to raise CIB from Neutral to Outperform as valuation seems attractive even after we incorporate the upcoming capital increase as well as HSBC acquisition, on the back of recovery in margins and better asset quality. Our new TP at US$61/ADR (US$69 previously) offers attractive upside potential of 24%. We forecast EPADR of US$4.34 for 14' and US$4.78 for 15' (ex-goodwill), implying improvement in ROE to 15.1% from 13.5% in 13'.”Bancolombia SA closed on Thursday at $49.34.
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