June 30, 2014 7:44 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, Bank of America analyst Doug Leggate reiterated a Buy rating 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: HES), and raised the price target from $128.00 to $130.00.In the report, Bank of America noted, “A week on the road with Hess provided another opportunity to hear first-hand progress on Hess' transition to a ‘pure play' E&P. At the simplest level, we believe Hess is hitting its stride on execution with production growth set to accelerate in 2H14. In our view, this will set a new pace for outdated production targets and drive an inflection point in free cash flow. Hess is nearing the end of its transition to a pure play E&P. Critically we believe 2H14 marks the start of a multi-year period of execution that can address any lingering market concerns over the production outlook while its transition to a ‘pure play' likely attracts additional sponsorship from the market as Hess is more appropriately compared to peers.”Hess Corp. closed on Friday at $98.29.
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