March 10, 2014 11:07 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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 released Monday, analyst Tristan Richardson of D.A. Davidson and Company announces a price target trim on
Team, Inc (NYSE: TISI) from $48 to $45, keeping the Neutral rating. Richardson notes, "We are reducing our fiscal Q3 2014 projections to incorporate weaker productivity than we would normally expect in a seasonally weaker quarter in each of the company's segments: Mechanical, Inspection and Quest. Some of this work could be 'recouped' in future periods; however, the timing and magnitude of 'catch up' work is difficult to predict."The reason listed for the decreased productivity has been the same story for most companies, weather. Poor weather conditions have yielded work delay and office closures across the nation.TISI closed Friday at $44.68 and opened back up Monday at $44.50.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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