Bank of America Upgrades Alcoa To Buy, Shares Rise


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.


Analysts at Bank of America upgraded Alcoa (NYSE: AA) from Neutral to Buy. The target price for Alcoa has been raised from $16 to $18. Alcoa shares have jumped 94.98% over the past 52 weeks, while the S&P 500 index has gained 16.68% in the same period.Alcoa's shares rose 1% to $16.09 in pre-market trading.

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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: UpgradesAnalyst RatingsBank of America