UPDATE: Benchmark Reiterates Buy on OpenTable - Opendoor Technologies (NASDAQ:OPEN)

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.

Benchmark reiterates a Buy rating on OpenTable (NASDAQ: OPEN) and a price target of $45.Benchmark notes, “OpenTable will report 2Q12 results around the end of July or early August. We anticipate 15% y/y revenue growth, with diner reservation revenue up 27% y/y. Recent partnerships with Apple and Google, reinforce our opinion that domestic competition is having no material impact on OpenTable's business and financial results. With the international integration of toptable complete, we believe near- term and long-term prospects remain strong. We reiterate our Buy rating.”OpenTable closed at $39 on Friday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!