September 22, 2014 8:26 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 Monday, Jefferies analyst Luke Folta reiterated a Buy rating 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: NUE), and raised the price target from $58.00 to $66.00.In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply supporting higher LT U.S. steel prices (vs prior est.) and we've increased est./TP's accordingly. Global markets however are far weaker and imports continue to increase, leading us to believe near term weakness in steel is likely. With an improved cycle outlook, we advise investors to continue to hold steel stocks, using any such near term pullback to add to positions.”Nucor Corporation closed on Friday at $57.64.
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