February 2, 2012 12:06 PM | 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.
MIller Tabak reiterates its Buy rating on JDS Uniphase (NASDAQ: JDSU) and raises its price target to $17 from $15 a share as it believes the overall sector has reached a bottom and is poised for gains despite product risk concerns. Miller Tabak notes, "Historically, the time to Buy Optical component stocks is coming out of an inventory correction, when supplies are suddenly tight and demand is improving. While the CY 1Q is typically a seasonally soft quarter and therefore its hard to drive a rebuild of inventory in the quarter, we suspect by 2Q system demand will start to accelerate and this will force restocking from artificially low inventory levels and could results in strong demand and sharply improving margins."JDSU closed at $13.13 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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