January 20, 2012 3:16 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.
Shares of Akamai Technologies (NASDAQ: AKAM) are down 3% on Friday. Around 4 million shares have already traded hands on the day, which is a little less than the 3-month daily average of 4.7 million. Over the last three months AKAM shares have risen 35%, but the stock has lost 37% over the last year. AKAM trades at a trailing P/E of 31, a forward P/E of 19, and a PEG ratio of 1.63. The median Wall Street price target on the stock is $32.50 with a high target of $36.00. Akamai Technologies, Inc. (Akamai) provides services for accelerating and improving the delivery of content and applications over the Internet; ranging from live and on-demand streaming video capabilities to conventional content on Websites, to tools that help people transact business and reach out to new and existing customers.
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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