May 12, 2014 10:30 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 Monday, MLV & Co analyst Ryan Meliker reiterated a Buy rating and $11.00 price target 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: INN).In the report, MLV & Co noted, “INN reported a mixed quarter as RevPAR exceeded the high-end of guidance, while FFO was at the high-end and in-line with consensus and Adjusted EBITDA missed consensus. Margins were impacted by renovations in the quarter, limiting the upside typically driven by stronger RevPAR growth. As INN invested 50% of its 2014 planned 2014 renovation capital in 1Q, we don't expect that to be an issue going forward. 2014 RevPAR guidance was increased by 50 bps, which is incrementally positive but FFO was unchanged. For 2Q, management is guiding to another quarter of strong RevPAR growth (+5.5 - 7.5%), but FFO guidance is below the Street."We suspect that is more driven by changing seasonality in the portfolio than anything else, as full-year-guidance is unchanged. Its also possible that management is managing near-term expectations. Regardless, we don't look at that as a negative and focusing on the robust RevPAR growth, we think shares could out-perform on this mixed print.”Summit Hotel Properties closed on Friday at $9.24.
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