Bernstein Initiates PetroChina With Underperform


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.


Bernstein initiated coverage on PetroChina Company Limited (ADR) (NYSE: PTR) with a Underperform rating.PetroChina shares have dropped 1.33 percent over the past 52 weeks, while the S&P 500 index has surged 9.48 percent in the same period.PetroChina shares closed at $118.49 on Friday.

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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: InitiationAnalyst RatingsBernstein