Jefferies Maintains Buy Rating and $500 PT on Apple - Apple (NASDAQ:AAPL)

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.

A report from Jefferies reiterates its Buy rating and $500 price target on Apple (NASDAQ: AAPL).The report states, “Based on channel checks and our recent visit to Japan we believe that Sharp is taking share in iPad 3, iPhone 5 LTE, and iTV displays. Also, we believe the Samsung relationship continues to deteriorate. We still see CQ4 iPad shipments above consensus but cut our estimate from 17M to 14M (St 13M). We see a strong CY12 product cycle (iPhone 5, iPad 3, iTV)”AAPL closed yesterday at $369.01.

27% profit every 20 days?

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