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.
- Monness Crespi analyst Brian White notes that Oracle Corp (NYSE:ORCL) stock has experienced a sharp decline in recent weeks.
- The analyst believes Oracle's selloff is a knee-jerk reaction to its announcement last month to acquire Cerner Corp (NASDAQ:CERN), creating an "attractive buying opportunity."
- Related Content: Oracle Agrees To Acquire Cerner At Premium
- Read How Analysts View Oracle Post Cerner Deal
- Further, White thinks Oracle offers investors a high-quality, value play with the opportunity to capitalize on the company's cloud transformation and increasingly attractive model.
- He has a Buy rating and a price target of $126 on the shares, implying a 45.7% upside.
- Oracle provides database technology, enterprise resource planning, or ERP software to enterprises worldwide.
- Price Action: ORCL shares traded lower by 0.58% at $85.96 in the market session on the last check 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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