December 14, 2011 12:09 PM | 1 min read |
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.
Sterne Agee has published a research report on Silicon Graphics (NASDAQ: SGI) after the company announced that its CEO Mark Barrenechea will resign. In the report, Sterne Agee writes, "Resignation of Mark Barrenechea will obviously create some near-term headwind, but in our view the products and the end markets SGI are serving have always been the reason to own the stock. We don't see this as a step back on the fundamentals and would be buyers of the stock on the pullback (with the understanding that until a new CEO isannounced there will be some obvious market concerns that will need to be addressed after the December quarter is announced)."Sterne Agee maintains its Buy rating and $22 price target on Silicon Graphics, which is currently trading down $2.42 from yesterday's $14.03 closing price.
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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