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.
Bank of America's Shaun Kelley issued some concerning comments on the Lodging sector Thursday morning. "The cycle appears to be over," the analyst suggested.
He downgraded and lower priced targets on the following stocks:
- Hilton Worldwide Holdings Inc (NYSE: HLT) - from Buy to Neutral, price target lowered from $26 to $23
- Hyatt Hotels Corporation (NYSE: H) - from Buy to Neutral, PT from $50 to $49
- Hersha Hospitality Trust (NYSE: HT) - from Buy to Neutral, $21 to $18
- RLJ Lodging Trust (NYSE: RLJ) - from Buy to Underperform, $23 to $18
In addition, the analyst lowered price targets on numerous other stocks in the group:
- Marriott International Inc (NYSE: MAR) - Buy rated - $76 to $75
- Choice Hotels International Inc (NYSE: CHH) - Buy - $53 to $50
- Sunstone Hotels Investors Inc (NYSE: SHO) - Buy - $14 to $13.50
- Extended Stay America Inc (NYSE: STAY) - Neutral - $17 to $15
- Pebblebrook Hotel Trust (NYSE: PEB) - Neutral - $29 to $27
- LaSalle Hotels Properties (NYSE: LHO) - Neutral - $26 to $25
Hilton, Hyatt and Hersha were down about 3.5 percent, while the multi-notch downgraded stock, RLJ, was leading the sector lower, trading down about 6.5 percent.
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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