August 8, 2014 11:37 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.
Citing the company's first highway orders (sets precedent that could expand market size), Global Hunter analyst Walt Liptak published a report Friday morning upgrading Power Solutions International (Nasdaq: PSIX) from Neutral to Accumulate, with a price target of $70. The reaction to the company's Q2 results were generally positive, Liptak said. The Company beat revenue estimates of $82.8MM for the second quarter with $83.4MM. EPS estimates were also beaten at $0.31 vs. estimates of $0.26.In the report, Liptak noted “The beat was driven by an increase in higher-margin oil & gas applications. Gross margin was 18.5% vs. our estimate of 16.9%. Management expects gross margin headwinds from the NACCO ramp to be offset by oil & gas sales throughout the rest of the year. We are raising our 2014 estimates by $5MM in revenue and $0.06 EPS”.Shares of Power Solutions are up more than 13 percent Friday morning following the quarterly results on Thursday afternoon.
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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