UPDATE: Deutsche Bank Initiates Buy, $23 PT on Audience; Levered to iPhone Growth

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.

Deutsche Bank initiates its coverage on Audience (NASDAQ: ADNC) with a Buy rating and a price target of $23. Deutsche Bank comments, "Audience is expanding its presence among smartphone makers. We believe they are now integrated into Apple's A5 applications processor and are a standard technology in all iPhones. The company is also picking up designs at most of the other major handset vendors. We think this will lead to strong growth as smartphones take off around the world."ADNC closed at $19.10 on Friday.

27% profits every 20 days?

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