November 11, 2014 9:56 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 Tuesday, D.A. Davidson analyst John B. Rogers downgraded the rating 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: STRL) from Buy to Neutral, and lowered the price target from $10.00 to $9.00.In the report, D.A. Davidson noted, “Sterling Construction reported a loss of $0.03 per share for the third quarter, up from a loss of $0.06 last year. As indicated, these results were substantially below our estimate due to additional charges on three problem projects, which impacted gross margins...Management reported the company incurred $3.5 million (approximately $0.19 per share) of additional charges on three projects that are in the final stages of completion. The charges relate to issues with subcontractors and other factors in Texas and California. Management is seeking recoveries for the added costs, but prospects are uncertain.”Sterling Construction Company closed on Monday at $8.54.
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