December 20, 2010 8:50 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.
Brean Murray, Carret & Co. has downgraded shares of Met-Pro Corporation (NYSE: MPR) to from Buy to Hold.“The shares of MPR have reached our target price, and we are downgrading our rating to hold from Buy based on valuation,” Brean Murray writes. “With the shares trading at 30x trailing P/E ratio and a 25x forward P/E ratio, we consider them fairly valued.“That said, we still believe the company is well positioned for longer-term growth. We advise investors to refrain from purchases at these levels and to wait for a better entry point, and we will look to revisit our rating when valuation becomes more compelling. We note that the shares have appreciated 30% in a 13-month timeframe.”Met-Pro Corporation closed Friday at $12.50.
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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