February 17, 2011 9:14 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.
J.P. Morgan Chase & Co. has a Neutral rating and a $19 price target on shares of Commercial Vehicle Group (NASDAQ: CVGI).In a note to clients, J.P. Morgan writes, "The miss vs. our revenue may have been forecasting error on our part as incremental profits were strong. Operating margin (excluding restructuring) came in at 3.5% (vs. JPMe 4.8%). However, included in its Q4 results were negative impacts of $0.2 million of expense related to its recently announced Bostrom acquisition and $0.6 million of expense related to new product initiatives and future programs. We await additional color on the conference call before reviewing our estimates."Shares of CVGI closed at $17.20 yesterday.
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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