January 26, 2012 6:34 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Citigroup reiterates its Neutral rating on Molex (NASDAQ: MOLX) based choppy macro currents and resulting weak company results, but raises its price target to $27 from $25 on an adjusted valuation multiple. Citigroup says, "Molex reported FQ2'12 (Dec) Sales/EPS of $858m/$0.36, below consensus of $890m/$0.41 & guidance for $870-$910m/$0.37-$0.43. Management cited uncertain economic conditions, supply chain disruptions from the Thailand flood & inventory adjustments at customers/distribution as reasons for the disappointing quarter. Our target price goes to $27 from $25 despite the lowered outlook as the market multiple is at 13x vs 11.9x previously."MOLX closed at $26.52 a share yesterday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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