February 29, 2016 3:27 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.
Nomura said Berkshire Hathaway Inc.'s (NYSE:BRK.A) book value moves upwards despite headwinds from weak oil prices. Analyst Clifford Gallant cut his target price to $235,000 from $239,000. For the fourth quarter, Berkshire Hathaway's profit rose to $5.48 billion, or $3,333 per Class A share, from $4.16 billion, or $2,529 per share, in the same quarter last year. Quarterly operating profit rose 18 percent to $4.67 billion, or $2,843 per share.Book value per share, which is considered as a good yardstick for Berkshire's intrinsic worth, rose 3 percent from the end of September, to $155,501.For the full year 2015, profit rose 21 percent to $24.08 billion, or $14,656 per share.Gallant said the quarterly operating profit of $4.67 billion missed his $4.76 billion estimate as low oil prices weighed upon several Berkshire businesses. The analyst, who has a Buy rating on Berkshire shares, also reduced his full year EPS view to 11,795.79 from 12,481.83.Berkshire's class A shares were up 2.27 percent to trade at 202,691.00. They have dropped 8 percent in the last one year.
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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