Deutsche Bank Says News Of Apple CEO Steve Jobs' Resignation Not Unexpected


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.


According to Deutsche Bank, Apple (NASDAQ: AAPL) CEO Steve Jobs has stepped down.Deutsche Bank said that the news is not unexpected. “We expect this news to pressure shares of AAPL (8x EV/FCF and 9x CY11 PE ex-cash) and we view this depressed multiple likely reflects a lot of this concern. Looking forward, we believe risk is more likely to be centered around Apple's 3-5+ year product plans if/when Jobs permanently departs.”Apple closed yesterday at $376.18.

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.


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!

Posted In: Analyst ColorAnalyst RatingsComputer HardwareDeutsche BankInformation Technology