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.
Shares of United States Steel Corporation (NYSE: X) lost about 70 percent in 2015; however the stock is up more than 74 percent year-to-date. Having reached the crowd’s price target of $13.77 – and surpassed the analyst price target of $12.18, it seems like top raters believe there is no more upside left in the stock for now.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
On Friday, Vetr top raters downgraded United States Steel Corp’s stock rating to 1.5 Stars out of a possible 5.0 Stars. The crowd previously had a 2.0 Stars rating on the shares.
Despite the bearishness reflected by the 1.5 Stars rating, 50 percent of the crowd's ratings are still bullish.
A few weeks ago, Cowen & Company downgraded its rating on United States Steel’s stock from Outperform to Market Perform.
Related Link: 6 Stocks Trending In Short-Seller Circles: From Tesla To Fitbit
Earlier this week, FIS’ Astec Analytics included the shares in its list of hot stocks among short selling circles.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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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