July 23, 2014 9:10 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 Wednesday, Wunderlich Securities analyst Jason A. Wangler reiterated a Hold 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: KEG), but lowered the price target from $9.00 to $7.00.In the report, Wunderlich Securities noted, “Key Energy Services (KEG) pre-announced operating EPS in the range of -$0.14 to -$0.15, well below our previous -$0.02 estimate and the Street's $0.00 forecast due to lower-than-expected activity in California, muted activity increases in the rest of the U.S., and continued struggles internationally. The company expects revenues to be down 2% sequentially; a surprising statistic given the strength seen in the OFS market overall. This lower revenue figure also is joined by higher costs due to write-offs, redeployment, and severance costs in Russia and Mexico. Overall it's clear Key is struggling even as the domestic services market is showing overall improvement and, while it has been able to reduce debt nicely, we remain Hold rated given the company-specific headwinds facing KEG.”Key Energy Services closed on Tuesday at $6.86.
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