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.
Shares of Barrick Gold Corporation (USA) (NYSE: ABX) have gained 134.5 percent since the year started, but only 7.45 percent in the past month. Moreover over the past week, the stock lost more than 6 percent of its value, creating plenty of room for upside, the crowd seems to believe.
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On Wednesday, following the above mentioned decline, top raters at the Vetr community decided to upgrade their rating on shares of Barrick Gold, from 3.0 stars (Hold) to 3.5 stars (Buy) out of a possible five-star rating.
The new rating seeks to better reflect the crowd’s target price of $18.00, which implies an upside potential of more than 8 percent from current valuations.
However, it should be noted that only 54 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is not as optimistic as the top raters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.