July 25, 2012 9:30 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.
In a report published Wednesday, Wedbush Securities reiterated its Neutral rating on Riverbed Technology (NASDAQ: RVBD) and raised its price target from $17.00 to $19.00.Wedbush noted, “Riverbed delivered a surprising beat and raise in a difficult quarter for IT spending driven by the closing off slipped deals and a rebound in WAN Optimization spending. Management also announced an agreement with Juniper to license its ADC software for $75mn over four years. Q3 guidance surpassed expectations citing strength in federal, contributions from new products and growth in enterprise. We believe changes in sales incentives to refocus on the core are paying off. While encouraged by Q2 results, we remain concerned that the spending environment could worsen given uncertainty with respect to federal spending in Q3 and the enterprise budget flush in Q4. We advise investors to remain on the sidelines and look to become more constructive given checks which suggest that visibility and sales growth is improving.”Riverbed Technology closed on Tuesday at $14.55.
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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