July 21, 2014 8:47 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 Andrew Hughes downgraded the 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.
(NASDAQ: ITRI) from Buy to Underperform, and lowered the price target from $40.00 to $39.00.In the report, Bank of America noted, “We are downgrading Itron from Buy to Underperform. Expected 1H2014 vendor announcements for a number of global smart meter rollouts did not materialize. Our estimates come down as a result as we see increased risk that meter deployments necessary to support the stock at current levels may not materialize. We also view new competitive threats enabled by the rapid growth in distributed solar generation as a limitation on Itron's ability to capitalize on important catalysts in our broader coverage universe. Ultimately, this puts more pressure on increasingly uncertain and potentially less profitable meter targets that maybe difficult to achieve.”Itron closed on Friday at $41.50.
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