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.
Wedbush upgraded SPX Corporation (NYSE: SPW) from Neutral to Outperform Monday and set a $116 price target.
Analyst David L. Rose noted that “with the pullback in the shares, we believe investors have an attractive entry point as SPW continues to execute on its operating initiatives, while also unleashing value in the announced spin of its flow business.
“Despite geopolitical and economic uncertainty, SPW continues to improve margins through productivity and cost-containment initiatives while generating significant free cash flow.”
The report observed that “recent results reaffirm operating progress” with Adjusted EPS from continuing operations at $1.62, versus the firm’s estimate of $1.51 and consensus estimates of $1.38. “Revenues increased 1.5 percent organically to $1.16 billion, below consensus/WS estimates of $1.22/$1.23 billion on better-than-expected margins.”
Rose felt that “SPX Corp has demonstrated it has embraced lean as operating initiatives are paying off and the free cash flow continues to improve dramatically. Importantly, we believe SPX has plenty of room for further margin expansion as it is in the early stages of this recovery, while the long-term outlook for power, energy, and food, the company’s key end markets, remains attractive.”
SPX Corporation closed at $94.79 Friday, up 1.98 percent.
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.
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