October 27, 2010 6:48 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.
Oppenheimer is reiterating its Outperform rating on Enterprise Products Partners (NYSE: EPD) following strong 3Q results.In the report, Oppenheimer writes "We believe that the company has an attractive stable of growth projects, a strong balance sheet and a healthy coverage ratio. EBITDA, DCF and distributions for 3Q were in line with our estimates after removing non-recurring items. The quarter also highlighted the depth of EPD's announced growth projects. EPD spent more on growth projects in 3Q10 than it has since 4Q08, predominantly in the Eagle Ford and Haynesville shales. The Petrochemical & Refined Product Services and Onshore Natural Gas Pipelines & Services segments showed particular strength during the quarter. Additionally, ethane demand demonstrated continued resiliency as ethane cracking capacity continues to increase due to favorable economics versus crude oil-based alternatives."Oppenheimer also maintains its $40 price target.Enterprise Products Partners closed yesterday at $42.63.
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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