March 17, 2015 5:10 PM | 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, Jefferies analysts maintained a Hold 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: SLB), while raising the price target from $79 to $80.The EPS estimates for 1Q15 and 2015 have been reduced from $1.17 to $0.88 and from $3.80 to $2.75, respectively. The downward revision reflects weaker-than-expected upstream spending in both NAM and certain sections of non-NAM. The analysts expect revenues in NAM to decline sequentially by 29% (vs. 14% previously) in NAM. In non-NAM, revenues are expected to be down 16% sequentially (vs. 8% previously) on account of "pockets of expected softness" and "additional impact from the new Bolivar and weaker Ruble.""For 2Q, along with continued forex-based pressure, we incorporate the weaker outlook suggested by oil companies recently for the U.S. as they build DUCs. We, for now, do assume a little spending recovery on completing DUCs in 2H (although candidly prospects for any recovery dim as oil price continues to fall)," the analysts added.The company's shares are down 32% from peak. Moreover, the stock is considered "as a resilient hedge against having no exposure to energy" and, even with the downward revision of the estimates, "has less earnings downside risk than peers," the analysts said.
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