July 24, 2012 12:30 PM | 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.
Citigroup reiterated its Neutral rating on Sanmina-SCI Corporation (NASDAQ: SANM) as the company missed June quarter consensus estimates, but raised its price target from $8.50 to $9 on higher EPS estimates. Citigroup said, "We maintain our Neutral rating & increase our target price to $9 from $8.50 on slightly higher EPS estimates as we were forecasting lower sales for Sanmina which the company provided upside. Given the stock's -23% year to day decline we are not surprised by the +10% after hour stock price reaction considering our & consensus sales & EPS likely both slightly increase. We are currently in Phase 2 of the EMS investment cycle & look to phase 3 when OEMs start outsourcing more or for Sanmina to show meaningful progress in its components business to potential get more positive on the shares." Sanmina-SCI Corporation closed at $7.18 on Monday.
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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