June 14, 2016 4:36 PM | 1 min read |
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.
MKM Partners' Megan McGrath reiterated
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.
(NYSE: LEN) Neutral rating with a price target of $52.00. The reiteration came a week before Lennar was planned to report 2Q16 earnings on June 21st. "We view Lennar as one of the more solid operators in the space with a strong recent track record of earnings beats" said McGrath. Given the combination of a strong track record and recent "lackluster" stock performance, the analyst believed 2Q earnings would could provide "a short-term positive catalyst for the shares."The analyst remained neutral however due to not seeing "potential for significant upside potential beyond… [the] $52 fair value estimate in a slow-growing housing market, with Fed rate hikes on the table for this year." At the time of writing, Lennar traded at $45.58, down 0.09% in Tuesday's after-market session
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