May 20, 2014 9:55 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 Tuesday, Morgan Stanley analyst Betsy L. Graseck initiated coverage 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: ALLY) with an Overweight rating and $30.00 price target.In the report, Morgan Stanley noted, “Ally Financial is the largest non-captive provider of automotive financing products (commercial & retail loans and leases) in the US and the 19th largest bank holding company with a premium online direct banking platform."We expect auto finance to continue to benefit from positive tailwinds, including (1) an improving economy and declining jobless claims, (2) a rising housing market driving strong consumer confidence and balance sheet, and (3) easing credit and still low interest rates (compared to historical levels). We think Ally's leading franchise and diversified funding model position the company to benefit from these tailwinds.”Ally Financial closed on Monday at $24.45.
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