March 12, 2015 11:00 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.
In a report published Wednesday, Susquehanna Financial Group analyst James Friedman commented that
American Express Company (NYSE: AXP) "shined" in its Stress Test and a large share repurchase authorization suggests consensus earnings per share estimates may be too low next year.Friedman noted that American Express' 2014 capital plan allowed repurchases of up to $4.4 billion plus an additional $1.0 billion in the first quarter 2015. The analyst added that the company's fiscal 2015 plan includes $6.6 billion of repurchase from the second quarter through the second quarter 2016.Friedman continued that in 2014 the company reduced its overall share count by 3.6 percent. The analyst estimated an "acceleration" in share count reduction of 5.7 percent will occur in fiscal 2015.Bottom line, due to the "big repurchase increase," Friedman is raising his 2015 earnings per share estimate to $5.58 from $5.56 while "meaningfully" increasing his 2016 earnings per share estimates to $5.96 from $5.85.Shares are "Positive" rated with a $99 price target.
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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