September 17, 2014 8:42 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 note released earlier Wednesday morning, Mizuho analyst, Jeffery Connolly upgraded shares of Bill Barret Corporation (NYSE: BBG) from Neutral to Buy and raised the price target from $24 to $28.Following the announcement of transactions which complete Barrett's transition to a Rockies oil producer, Connolly stated, "lower leverage, a leaner, more attractive portfolio, and improved growth trajectory should generate multiple expansion."Building on this, Connolly noted the company sold 12,000 acres at the Gibson Gulch and 46,510 net acres in the Powder River Basin. The transactions had a total value of $757 million, which resulted $568 million of cash proceeds that the company will use to pay down its $280 million revolving credit facility. Looking ahead, Connolly is predicting $135 million in revenue for the third quarter with an EPS of $0.09.
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.
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