December 11, 2014 10:10 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 Thursday, UBS Securities analyst Steven Fisher reiterated a Neutral 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: LAYN), but lowered the price target from $12.00 to $8.75.In the report, UBS Securities noted, “LAYN is beginning to make material changes to both its business and management. A new CEO is expected to start in early January, after LAYN's chairman has served as interim CEO since June. On the call management indicated that a more significant divestiture than those previously announced could come in the next month or two. LAYN has been pushing for unit and asset sales over the past several quarters. There is still a lack of clarity in Mining, and water resources may be over earning as it experiences a temporary benefit from severe California drought. However, the Inliner business continues to perform well. Some cost savings could be achieved in the next 12 months, and we were pleased to hear that a potential problem project in San Francisco has been completed.”Layne Christensen closed on Wednesday at $7.98.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.