July 10, 2014 8:37 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 Thursday, Wunderlich Securities analyst Irene O. Haas reiterated a Buy rating on
Synergy Resources Corporation (NYSE: SYRG), and raised the price target from $15.00 to $16.00.In the report, Wunderlich Securities noted, “Synergy Resources (SYRG) turned in a good quarter. SYRG had to overcome a few obstacles, but continues to execute. We are very encouraged that SYRG is working on securing a large inventory of drilling permits so that its Wattenberg development will continue even under the worst case scenario. The company plans to spend a little money testing the Wattenberg extension and possibly the vertical Pennsylvanian plan in Nebraska, and we look forward to a catalyst-rich fiscal 2015. We still expect triple-digit production growth for the next two years. SYRG has a huge run-way - it is well run and has a strong balance sheet - and it's one of the best small cap pure plays in the E&P space. We are raising our NAV and target to $16 to reflect the mid-year reserves report and FYE 2015 debt forecast.”Synergy Resources Corporation closed on Wednesday at $12.48.
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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