September 28, 2010 9:17 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.
Deutsche Bank maintains its Hold rating on Western Union (NYSE: WU) ahead of analyst day on Sep 30. This is the new CEO's first big meeting with the Street, refreshed outline of LT growth strategy could be in order, but Deutsche Bank thinks Western Union will remain hesitant to attach specific growth rates to that strategy. For the stock to rally, it would likely take a major transformational announcement of some sort, which is viewed as highly unlikely. But we Deutsche Bank also believes the market would respond positively should WU give some indication that it was revising its capital allocation philosophy, with more of its substantial cash being returned to shareholders, via more aggressive buybacks. Deutsche Bank remains on the sidelines for now. It has a $17 price target on WU. WU closed Monday at $17.65
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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