February 17, 2011 9:11 AM | 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.
Citigroup has published a research report on Huntsman Corporation (NYSE: HUN) after the company reported a tremendous 4Q EPS beat.In the report, Citigroup writes "HUN reported an adjusted 4Q EPS of $0.24 above our estimate of $0.15 and consensus at $0.20. HUN realized a tax benefit during the quarter (compared to our 28% rate) that boosted EPS by $0.10 vs. our model. Results excluded ~$0.12/share primarily related to losses on unallocated foreign currency and early extinguishment of debt. Sales volumes increased 17% as average selling prices increased 8%. Adjusted EBITDA of $219mm was slightly above our $211mm estimate, with most of the upside driven by Polyurethanes and Pigments."Citigroup maintains its Neutral rating and $18 price target.Hunstman closed yesterday at $18.83.
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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