May 9, 2012 8:57 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.
In a research report published this morning by Citi, Intersil (NASDAQ: ISIL) hosted an analyst day yesterday that publicized an updated near-term target profitability model. According to Citi, "ISIL tuned down its target profitability model (Fig 1) to $200M/Q, 57% GM, 33% OpEx, 24% OM on a non-GAAP basis (ex-amort, ex-SBC) vs. the original model given two years ago ($250M/Q, 58% GM, 32% OpEx, and 26%+ OM). New targets appear achievable compared to ISIL's financials when sales were >$200M in 2Q10, 3Q10 and 2Q11. At $800M run rate, new model implies $1.04 nonGAAP annual EPS or $0.78 adjusted EPS (inc-amort, inc-SBC) vs. our updated $0.43 and the Street's prior $0.39 for C13E. 1pnt rev =2c C13E EPS, and 1pnt GM = 4c EPS."Citi maintains its Neutral rating on Intersil, which closed yesterday at $10.66.
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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