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.
J.P. Morgan upgraded Potash Corp./Saskatchewan (USA) (NYSE: POT) Friday from neutral to Overweight and raised its price target from $34 to $40.
Analyst Jeffrey J. Zekauskas expected Potash “to generate a 6.3 percent free cash flow yield in 2015 and a 7.1 percent free cash flow yield in 2016” as Potash currently pays a 4 percent dividend.
Zekauskas believed “that potash industry fundamentals have become more favorable. Potash inventories in the United States are now (35 percent) below their five year average.”
The upgrade follows November’s news that the Uralkali Solikamsk-2 mine was shut down after developing a sink hole, which pushed fertilizer stocks higher.
Potash shares spiked at Friday’s open amid the upgrade, trading at $37.77, up 2.40 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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