February 3, 2015 9:03 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 Tuesday, Morgan Stanley analyst Evan L. Kurtz reiterated an Underweight 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.
(NYSE: CLF).In the report, Morgan Stanley noted, “4Q14 results were below MSe but above consensus. Guidance for 2015 is consistent with our estimates, but management expects capex to be well below our forecast ($125-$150m vs. MSe of $250m). Using our 2015 iron ore price forecast of $79/t, the company's guidance implies EBITDA of ~$595m vs. MSe of $577m. However, our 2015 price forecast is above the current price of $61/t. At spot, we estimate that guidance implies 2015 EBITDA of ~$300m, below both MSe and consensus. Our thesis remains unchanged as we view the structural challenges facing the company as longer term and expect iron ore prices to remain weak. We expect the Canadian operations to be deconsolidated starting with 1Q15 due to the subsidiary bankruptcy filing.”Cliffs Natural Resources closed on Monday at $6.97.
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