October 6, 2014 10:05 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, Wunderlich Securities analyst Nicholas J. Bender initiated coverage 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.
(NASDAQ: PRGN) with a Hold rating and $5.00 price target.In the report, Wunderlich Securities noted, “We are initiating coverage of Paragon Shipping Inc. (PRGN) with a Hold rating and $5.00 price target. Paragon is a high-quality operator in the competitive and fractured dry bulk arena. After successfully managing through the downturn of the last super-cycle, the company has embraced its presence in a cyclical market. Management has pursued a strategy of aggressive exposure to dry bulk fundamentals by operating chiefly in the spot market and pursuing material fleet growth. With the dry bulk supply/demand dynamic poised to improve in late FY14 and FY15, Paragon could see material upside to both its earnings power and stock price. However, given a choppy near-term market outlook, we are initiating coverage with a Hold rating.”Paragon Shipping closed on Friday at $3.34.
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