June 7, 2012 9:14 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.
Oppenheimer raises its rating on Sina Corporation (NASDAQ: SINA) from Perform to Outperform and establishes a price target of $70. Oppenheimer notes, "While weakening macro trends and ongoing investment in Weibo are likely to translate into slower top-line growth and margin compression in 1H12, we believe the near-term headwinds have been factored in our and consensus estimates and priced in SINA's share price. Given SINA's market leadership, potential reacceleration in revenue growth, sequential margin improvement and monetization of Weibo beginning in 2Q12, we believe the recent sell-off of the stock is overdone based on SINA's medium and long-term prospects and that multiple expansion is likely in the coming months."SINA closed at $54.58 on Wednesday.
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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