UPDATE: Gabelli & Company Downgrades The Walt Disney Company from Buy to Hold

by Benzinga Staff
August 8, 2012 3:17 PM | 24 seconds read | Make a Comment

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.

Gabelli & Company downgraded The Walt Disney Company (NYSE: DIS) from Buy to Hold in a report published Wednesday.In the report, Gabelli & Company stated, "Disney owns a collection of uniquely valuable media businesses with strong barriers to entry and growth potential but trades at a meaningful premium to other media conglomerates. We do not believe there to be a margin of safety at current prices and recommend investors hold shares."Shares of The Walt Disney Company closed Tuesday at $49.81.

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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