UPDATE: Bank of America Raises Price Objective on Rackspace Hosting to $48


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.


According to Bank of America, Rackspace Hosting (NYSE: RAX) price objective is raised to $48.Bank of America said that 3Q acceleration and sustained same store sales. “RAX remains our top infrastructure Cloud name which is differentiating itself through quality support, proprietary management software and scale.”Rackspace Hosting closed yesterday at $41.75.

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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Posted In: Analyst ColorPrice TargetAnalyst RatingsBank of America Merrill Lynch