November 19, 2014 9:58 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 Wednesday, Wunderlich Securities analyst Jason A. Wangler 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.
(NYSE: DNR) from Buy to Hold, and lowered the price target from $22.00 to $11.00.In the report, Wunderlich Securities noted, “Denbury Resources (DNR) held an analyst day yesterday following its Friday afternoon release on the reduced CapEx plans, 2015 dividend plans, and management changes. We decided to wait on making a final judgment until we heard the entire story at the analyst day. Overall there wasn't much more clarity given, whether operationally or financially, and as such the uncertainty at Denbury has increased significantly while the macro remains troublesome as well. We had previously looked at Denbury's asset base and financial plans as having strong downside protection in an environment like this; but the moves made by management for 2015 and potentially beyond have in our view muted these strengths, causing us to downgrade the stock from Buy to Hold at this time.”Denbury Resources closed on Tuesday at $10.01.
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