UPDATE: Barclays Upgrades Petroleo Brasileiro Petrobras SA On Positive Outlook With Brazilian Elections


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 released Friday, Barclays analyst Paul Cheng upgrades Petroleo Brasileiro Petrobras SA (NYSE: PBR) from Equal-Weight to Overweight and raised its price target from $22 to $23.


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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Cheng said that Petroleo will benefit from the upcoming Brazilian presidential elections in October.

Analysts at Barclays believe the refining industry will reverse from its current sluggish state.

Posted In: UpgradesPrice TargetAnalyst RatingsBarclaysPaul Cheng