April 23, 2014 10:27 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 published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Underweight rating and $35.00 price target on
The Bank of New York Mellon Corporation (NYSE: BK).In the report, Morgan Stanley noted, “We see 4% upside potential to our PT and believe BK will underperform the LC Bank group over the next 12 months. We think earnings remain under pressure from low short-end rates. We see more attractive opportunities elsewhere within LC banks with greater upside. Persistently low rates are a drag on NIM, securities lending, and are costing waived management fees on money market funds. BK is fighting top line pressures through client outsourcing wins, moving up the PB food-chain with its collateral management program, and efficiency focus. BK should be of interest to yield investors as its dividend yield is 2.0%, and total yield including stock buybacks is 6.2% (2014 est).”The Bank of New York Mellon Corporation closed on Tuesday at $33.75.
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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