May 30, 2012 10:23 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.
Goldman Sachs reiterates its Neutral rating on Research in Motion (NASDAQ: RIMM) and reduces its price target from $14 to $13. Goldman Sachs notes, "RIM's negative operating profit expectation is a disappointment even relative to our below-consensus estimates. We hadn't modeled negative operating margins until the Nov-14 quarter previously. That said, we expect RIM's upcoming cost cutting actions will return the company to mid-single digit operating profit margins over the next couple of quarters. RIM's actions indicate that new CEO, Thorsten Heins, is aggressively sacrificing near-term profits in an attempt to stabilize and grow RIM's subscriber base, which is one of its key assets and thus likely a worthwhile trade-off longer term."RIMM closed at $11.23 on Tuesday.
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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