December 16, 2011 8:40 AM | 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.
JP Morgan reiterates its Overweight rating and $64 target price on Accenture (NYSE: ACN) as the company posts strong results and reiterates a prudently conservative guidance.JPM comments, "ACN reported very solid F1Q results with revenue/EPS of $7,074M/$0.96 coming in well ahead of JPMe of $6.97B/$0.94 and consensus of $6.89B/$0.94. Revenue grew 14% in F1Q (vs. 15% last quarter). Consulting bookings of $4.2B were also ahead of our $4.1B estimate and represented 10% q/q growth in local FX. Encouragingly, the company's European growth accelerated from 8% last quarter to 10% in F1Q. ...We believe ACN management is being thoughtful of the steep slowdown in demand it experienced in Feb-09, and has likely assumed a bigger buffer in its Feb-12 qtr. guidance for unexpected macro deterioration."ACN closed at $56.13 per share on Thursday.
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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