UPDATE: Citigroup Initiates Web.Com Group with Buy, $23 PT on Growth Outlook For Small-Business Web

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.

Citigroup initiates its coverage on Web.Com Group (NASDAQ: WWWW) with a Buy rating and a price target of $23. Citigroup says, "Small businesses (SBs) account for less than 10% of IT spending but ~20% of employment. We believe improved ease of use, accessibility and affordability will result in SB spending on IT increasing to over $120B by 2016. We also view Web.com as an attractive defensive investment with nearly 100% of revenue generated in the US and significant exposure to small business, which hasn't yet recovered from the 2008-09 downturn."WWWW closed at $18.74 on Friday.

27% profit every 20 days?

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