July 14, 2011 10:01 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.
Goldman Sachs is out with a research report this morning, where it suggests that traders buy calls on Verizon Communications (NYSE: VZ) ahead of earnings. Goldman Sachs Telecom and Cable analyst Jason Armstrong met with VZ management. He rates VZ shares Buy (on the Conviction List) and sees 14% upside to his 12-month price target of $42. For the quarter, the analyst expects VZ to beat Street expectations for 2Q sales and EPS by 1%/3% respectively, and sees 5%/9% upside to FY2011/FY2012 EPS estimates. Goldman Sachs suggests buying the August $38 call for $0.38. Verizon Communications Inc. is a holding company. Verizon through its subsidiaries is a provider of communications services. The company has two segments: Domestic Wireless and Wireline.
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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