JP Morgan Reviews Initial Earnings from Fusion-io

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.

J.P. Morgan has published a report on Fusion-io (NYSE: FIO) reviewing the first earnings call on the newly public company.In the report, J.P. Morgan wrote, "Following the first earnings call as a public company, we expect shares of Neutral-rated FIO to partially retrace recent losses. A bigger force behind the downward pressure in the stock, however, has been global economic fears, which could persist in the near to mid term."J.P. Morgan rated Fusion-io a Neutral with a price target of $35.00. Fusion-io closed Thursday at $23.62.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!