Citi Downgrades AmerisourceBergen to Hold, Slashes PT to $40

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.

Citi downgraded its rating on AmerisourceBergen (NYSE: ABC) from Buy to Hold. At the same time, the rating agency reduced its price target on the company's stock from $43 to $40. On Thursday, ABC closed the day at $38.72. ABC lost 0.52% of its value in today's pre-market trading to stand around $38.52.

27% profit every 20 days?

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