Morgan Stanley Still Sees More Upside Ahead for Steel Dynamics, Inc.

by Benzinga Staff
March 20, 2015 7:41 AM | 22 seconds read | Make a Comment

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 Friday, Morgan Stanley analyst Evan L. Kurtz reiterated an Overweight rating and $28.00 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.

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Steel Dynamics, Inc. (NASDAQ: STLD).In the report, Morgan Stanley noted, "STLD shares reacted favorably to 1Q15 earnings guidance that exceeded buy-side consensus. STLD remains our Best Idea as we see further upside to our $28 price target as metal margins expand beyond current expectations in 2H15."Steel Dynamics, Inc. closed on Thursday at $19.76.
Posted In: Analyst ColorReiterationAnalyst RatingsEvan L. KurtzMorgan Stanley

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