December 10, 2010 9:50 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.
Oppenheimer's initial thoughts after meeting with senior management of TCF Financial (NYSE: TCB) were that the company moved quickly and aggressively in dealing with the challenges to their banking model, but there remains a relatively higher degree of uncertainty about the true earnings power of the company.Such unpredictability to earnings and to a lesser degree concerns over near-term credit trends support our Performrating with the stock now at 10.7x Oppenheimer's new '12 estimate. Success with the lawsuit challenging the Durbin Amendment, higher interest rates and a resurgence in M&Aactivity in the banking sector would all be positives for the stock.Oppenheimer is taking a more conservative view on TCF's future net interest margin and fee income trends and are reducing our estimates. Its 4Q10 EPS estimate is now $0.03 lower at $0.23. FY11 and FY12 estimates are now $0.15 lower at $1.05 and $1.45, respectively.TCB is trading lower at $15.25
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.