June 9, 2011 8:12 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Citi reiterated its Buy rating on Texas Instruments (NYSE: TXN). At the same time, Citi reduced its price target on the company's stock from $42 to $40.In a research report published today, Citi states, "In general, we view TI's mid-quarter as a non-event, leaving our non-Nokia views unchanged and sector outlook unchanged. As such, we expect typical seasonal weakness to dominate near-term chip trading, perhaps exacerbated by the de-risking evident in the market. We look forward to improved conditions for chip shares in 2H11, albeit we continue to favor a stock-picking strategy."On Wednesday, Texas Instruments lost 1.8% of its value to close the day at $32.67. Its shares regained some of its yesterday's losses in today's pre-market trading, however, rising 0.37% to $32.79.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.