October 6, 2010 11:05 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
According to a recent report by Wunderlich Securities, after the recent negative results of at Albacora, BPZ Resources, Inc. (NYSE: BPZ) plans to step back to assess its assets. Wunderlich believes shooting seismic and other steps are the right decision as it should help conserve capital and hopefully provide more certain exploration down the line. However, with the capital conservation comes less production upside than previously expected. Wunderlich is maintaining its Hold rating and $5.00 per share price target based on 3P reserves and undeveloped acreage. It believes management has to begin tackling credibility with investors that can only come through execution and the balance sheet remains a concern. BPZ is trading lower at $13.21
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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