UPDATE: Bank Of America Upgrades Alcoa Inc As Cash Flow Recovery Is Looming In 2015E - Alcoa (NYSE:AA)

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 Tuesday, Bank of America analyst Timna Tanners upgraded the rating on Alcoa Inc (NYSE: AA) from Neutral to Buy, and raised the price target from $16.00 to $18.00.In the report, Bank of America noted, “We upgrade Alcoa shares to Buy, noting: 1) a better cash flow outlook; 2) improved aluminum fundamentals; and 3) additional positive catalysts. With much of the costs related to closing high-cost operations now behind it and associated pension costs expected to also fall nearly $100M y/y, we expect FCF of $986B in 2015E and $1.3B in 2016E from an anticipated $288M in 2014E and $385M in 2013.”Alcoa Inc closed on Monday at $15.93.

27% profit every 20 days?

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