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.
Sunoco LP (NYSE: SUN) is now poised to benefit from the investments of more than $6 billion that it has made over the last 18 months. JPMorgan’s Andrew R. Burd maintained an Overweight rating for the company, while reducing the price target from $51 to $48. The analyst identified the company as its “top defensive pick for an era of low gasoline prices.”
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“With drop downs complete, so too is SUN’s operational separation from ETP,” Burd wrote. He said that the 1Q16 performance of Sunoco’s units had been soft in part due to the “uncertainty clouding other Energy Transfer entities.”
There could be continued volatility till the completion of the proposed merger between Energy Transfer Equity LP (NYSE: ETE) and Williams Companies Inc (NYSE: WMB), and until investors gain comfort with the capital program of Energy Transfer Partners LP (NYSE: ETP).
Such occurrences would fade over time, “as investors gain appreciation for the wide separation between SUN and the rest of the Energy Transfer family, and would purchase units on volatility-driven weakness,” Burd commented.
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.