August 28, 2014 11:11 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 Thursday, Wunderlich Securities analyst Nicholas J. Bender reiterated a Buy rating and $26.00 price target 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: CGI).In the report, Wunderlich Securities noted, “Celadon Group (CGI) has been the most active acquirer in our TL coverage universe over the last several years, and we believe this strategy has a chance to once again set the company apart from peers in a tight capacity environment. Late 2013 saw a brief flurry of consolidation, but acquisition activity has decreased materially as carriers seek to improve operations in a dynamic marketplace. Though supply tightness has once again tilted pricing power towards carriers, a deteriorating driver market and rising PT costs are hampering organic growth. We expect Celadon to resume acquisition activity in 2H14 (fiscal 1H15) after a six-month hiatus, and against this market backdrop, the strategy could allow for better than expected top- and bottom-line growth.”Celadon closed on Wednesday at $21.15.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.