UPDATE: J.P. Morgan Initiates Coverage on Audience

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 this morning, J.P. Morgan initiates an Overweight rating and a $24 PT on the leading provider of voice/audio processors, Audience (NASDAQ: ADNC). J.P. Morgan stated, “With exposure to the fast growing smartphone/tablet markets, the company has a significant market opportunity of 2.6B units per year by 2015. We estimate ADNC has an 18-24 month lead over competitors and its proprietary/scalable technology based on the science of human hearing should allow it to maintain high barriers to entry, in our view.”Audience closed Friday at $17.15.

27% profit every 20 days?

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