March 24, 2011 8:17 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.
Wunderlich is out with its report today on Energy Transfer Equity (NYSE: ETE), maintaining Buy.In a note to clients, Wunderlich writes, "Energy Transfer Partners, L.P. and Regency Energy Partners LP (NASDAQ: RGNC) announced that they have formed a joint venture to purchase LDH Energy Asset Holdings LLC from Louis Dreyfus Highbridge Energy LLC for approximately $1.925 billion. Energy Transfer Equity, L.P. should benefit from the deal as part of it will be financed with equity.ETE has not increased its distribution since the fourth quarter of 2009.However, we believe ETE is poised to start distribution growth again in 2011.Therefore, we believe ETE shares offer investors a good opportunity at currentlevels. We have a Buy rating and $45 price target on ETE shares."Wunderlich maintains a $45 PT on ETE.Shares of ETE closed Wednesday at $42.89, up 2.14% from Tuesday's close.
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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