July 16, 2012 10:19 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
In a report published Monday, FBR & Co. reiterated its Outperform rating and $10.00 price target on LSI Corporation (NYSE: LSI).FBR noted, “LSI was a ‘story stock' earlier this year as various growth drivers engaged. With shares having sold off meaningfully on hard disk drive normalization concerns following the Thai flood disaster, we think a buying opportunity is now at hand as shares trade below $6. Growth opportunities include penetrating hard disk drive SOCs at Western Digital, ramping new networking programs with Cisco and others, ramping wireless infrastructure processors into base stations, ramping client SSD controllers into Ultrabooks and tablets, and ramping enterprise PCIe flash controllers. We think LSI's management has done a largely commendable job of aligning its strategies (storage and networking focused), releasing higher value-added products, and growing its design-win pipeline, with the firm now delivering on past promises.”LSI Corporation closed on Friday at $5.85.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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