December 8, 2014 8:08 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 Monday, Deutsche Bank analyst Amit Mehrotra initiated coverage 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: SBLK) with a Hold rating and $8.00 price target.In the report, Deutsche Bank noted, “We are initiating coverage on shares of Star Bulk with a Hold rating and $8 price target. The company's capable and experienced management team is not enough in our view to counter the accelerating headwinds in dry bulk, where we believe an over-reliance on imports into China and India, low barriers to entry, and weak supply discipline will create headwinds for shippers for at least the next two years. While we don't forecast a drop in spot rates from current low levels (on ytd average basis), we believe the fundamental headwinds mentioned above will limit much upside from here. Initiate Hold.”Star Bulk Carriers closed on Friday at $7.05.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.