September 7, 2011 9:59 AM | 1 min read
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.
Citi is out with its report today on Fairchild Semiconductor (NYSE: FCS), lowering its PT from $25 to $18.In its report, Citi writes, "FCS lowered its 3Q11E revenue by 8-pnts and GM by 50bps Tuesday before market open. FCS cited sluggish distributor sell-through in Aug/Sep reflecting weakness primarily in TV/consumer, and also in solar inverters and home appliances. We reduce our 2012 EPS to $1.47 from $1.83 on 7-pnts lower sales and 130bps lower GM. Every five-points of sales = 20c and every point of GM = 10c annually. We reduce our FCS price target to $18 from $25 but reiterate FCS Buy given 44% ETR."At the time of posting, shares of FCS were trading at $12.70, up 1.84% from Tuesday's close.
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.
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