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 Williams Companies Inc (NYSE: WMB) have gained more than 87 percent since their February lows, but are still down more than 18.7 percent year-to-date. Nonetheless, the Vetr crowd seems to think the recuperation will go on, as evidenced by its average price target of $22.79, which implies a potential return of roughly 7.2 percent from current valuations.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on Williams Companies’ stock on Wednesday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
Finally, it should be noted that, in accordance with the new rating, 66 percent of the crowd's ratings are bullish at the time.
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.