June 4, 2012 9:21 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.
Canaccord Genuity raises its rating on Smart Balance (NASDAQ: SMBL) from Hold to Buy and raises its price target to $8 from $6.50. Canaccord Genuity comments, "We continue to believe that Smart Balance has a favorable financial model and platform for growth in the healthier foods arena that is enhanced by the Udi's acquisition. We are upgrading SMBL shares to BUY from Hold following the announced agreement to acquire Udi's Healthy Foods, the leading gluten-free brand in the US. Expected to be accretive to F2013E cash EPS (ex. intangible amortization), and we estimate $0.03 of cash EPS accretion. Guidance to be updated in the Q2 call post-financial close."SMBL closed at $6.07 on Friday.
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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