August 20, 2014 9:05 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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, Stifel analyst Michael Scialla reiterated a Buy rating on
Memorial Resource Development Corp. (NASDAQ: MRD).In the report, Stifel noted, “MRD is currently completing two Cotton Valley (CV) Upper Red (UR) zone wells at its Temple 8 pad in Terryville Field. One of these is located outside of the field's 3P area as defined by its reserve auditor, NSAI. The company is currently flowing back the four-well Werner pad, which includes MRD's first horizontal well completed in the CV Upper Deep Pink (UDP) interval (also outside NSAI's 3P area for this zone). Production data from both pads should be released with a 3Q14 update in November. Positive well results should contribute significant additions to YE14 proved reserves, which management expects to double from YE13.”Memorial Resource Development Corp. closed on Tuesday at $24.94.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.