July 14, 2011 8:11 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.
Morgan Keegan has published a report on ADTRAN (NASDAQ: ADTN) reporting on Q2 results. The report maintains the rating on ADTRAN with adjusted estimates on the gross margin downward.Morgan Keegan reported that, "We remain positive on the opportunities from tier 1 customers, government stimulus and international business, but the risk of declining legacy products is more pronounced this quarter. We think margins have peaked and despite respectable growth, we doubt consensus estimates rise."Morgan Keegan rated ADTRAN a market perform, meaning performance was expected to be in line with the S&P 500 index. Morgan Keegan also rated the Suitability of the company as speculative, meaning that risk was above average for the company. Morgan Keegan gave ADTRAN a price target of $44.00. ADTRAN closed at $36.11 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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