July 5, 2012 9:29 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 maintained its Buy rating and $58 price target on Itron (NASDAQ: ITRI). Canaccord Genuity stated in the report, "While ‘12 is in transition (restructuring, CEO search, tough compares), the deep product platform (and secular shift toward digital meters) continues to generate solid cash flow and supports our bullish outlook. In sum, we find Itron positioned as perhaps one of the best “value-based” growth stocks in our universe, as the discount to fair market value is the most glaring in memory given the two recent take-outs of key competitors (L+G and Elster), with our math suggesting a theoretical ~$55 price by extrapolating similar multiples." ITRI closed at $43.44 on Tuesday.
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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