February 2, 2015 9:15 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, Jefferies analyst Jason Gammel reiterated a Buy rating and $125.00 price target 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.
(NYSE: CVX).In the report, Jefferies noted, “Chevron has taken significant steps to preserve cash in the oil price downturn. It has suspended its share repurchase program and reduced its capital expenditure budget by 12% to $35b in 2015. Chevron's 4Q14 adjusted EPS of $1.31 was 20% below the consensus of $1.65 and 18% below our $1.60 estimate. Upstream results of $1.9b were $1b less than we expected, accounting for a -$0.51/sh variance. Chevron's global upstream margin of $7.91/bbl captured only 10.4% of the Brent oil price; we had been estimating a margin capture of 16% of Brent.”Chevron Corporation closed on Friday at $102.53.
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