April 20, 2015 6:17 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, Keefe, Bruyette & Woods analysts 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.
(NASDAQ: INDB) from Outperform to Market Perform, with a price target of $44. The reason for the downgrade was cited as the stock's valuation.Since 3Q14, the company's share price has surged 24 percent, versus a 9 percent rise in the NASDAQ Bank Index. Following this upward movement, the shares have reached the target price of $44. "Therefore, the limited upside is causing us to move to the sidelines. We continue to believe INDB should serve as a core holding in the bank sector, as we view them as a very disciplined operator in a volatile and uncertain environment," the analysts said.Independent Bank continues to be among the most "well-managed companies within our NE bank universe," the analyst commented, while adding, "…we think these qualitative strengths are currently reflected in the valuation of its shares."
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