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 on Friday, Catherine Mealor of Keefe, Bruyette & Woods downgraded Cardinal Financial Corporation (NASDAQ: CFNL) from Outperform to Market Perform, and lowered the price target from $20 to $19.
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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In the report, Keefe, Bruyette & Woods wrote, “CFNL had a good 4Q in terms of growth, mortgage profitability, credit and expenses; however, a surprisingly lower NIM caused us to lower estimates by 6% in 2015 and 7% in 2016. We are lowering our PT to $19 (from $20) on the lower estimates, and as a result are lowering our rating to MP given the limited upside to our revised price target."
Cardinal Financial traded at $18.21, down 0.6 percent.