March 9, 2015 9:28 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, Axiom Capital Management analyst Gordon L. Johnson II downgraded the 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) from Hold to Sell, and lowered the price target from $9.00 to $2.00.In the report, Axiom Capital Management noted, "While we commend CLF on its execution divesting non-core assets (Bloomlake/Logan County Coal) & recognize that a number of fixed contracts (particularly w/ ArcelorMittal) will help in '15, given: a. currency devaluations vs. the USD mean the cost curve for CLF's competitors is lower, b. Essar got the $1.8bn ($800mn in cash) it needs to begin production in 2H15, & c. a number of U.S. steel mills will be net long IO in '15, we see sig. downside on the horizon."Cliffs Natural Resources closed on Friday at $6.27.
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