August 23, 2010 9:47 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.
Deutsche Bank is out with a research report this morning, where it reiterates its Hold rating on Strategic Hotels & Resorts (NYSE: BEE); it has a $4.75 price target on the stock. The DB analysts noted that they are lowering estimates on the name, taking down their FY2010 FFO/sh forecast to ($0.19) from ($0.04) on a reduced revPAR and margin forecast. Their FY2010 RevPAR growth forecast is now +5.2% (prior: +6.3%). As for valuation, the DB analysts remarked, “Our price target is based on a blend of an 6% cap rate applied to 2011E NOI (50% of total), 13.5x 2011E EV/EBITDA (35% of total), and a replacement cost estimation (15% of total). Our target multiples and cap rates reflect our view that the improved credit markets and expectations of a recovery in RevPAR and EBITDA could allow BEE to enhance its liquidity within the next 12 months.”
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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