May 3, 2012 7:24 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.
According to a research report published this morning, Canaccord Genuity has increased Volcano's (NASDAQ: VOLC) PT from $27 to $28.In the report, Canaccord Genuity commented, "VOLC missed consensus revenue estimate for the second straight quarter after >20 upside quarters since its IPO six years ago. That said, results were in line to slightly above our targets. VOLC maintained 2012 guidance, albeit FX headwinds make the low- to mid-point of revenue guidance ($392-397M) more likely, in our view. Worldwide IVUS catheter growth was solid (12% vs. 5%E), and management sees stabilization in PCI procedures in the US, with trends improving in H2. As expected, FM drove overall growth (+37% vs. 34%E). VOLC enjoys a top-notch senior management and sales team, and plenty of cash with which it could acquire complementary products."Canaccord Genuity maintains its Hold rating on Volcano, which closed yesterday at $28.05.
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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