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.
- Raymond James analyst Joseph Altobello maintained an Outperform rating on the shares of Holley Inc (NYSE:HLLY) but lowered the price target to $10 (50% upside) from $14.
- The analyst said the company released a disappointing preliminary Q2 result caused by semiconductor shortages and other supply chain issues that impacted shipments.
- Reduction of inventory by resellers is also a cause for concern, Altobello added.
- With the supply chain headwinds worsening and expected to persist throughout this year, the company lowered its FY22 outlook.
- Alobello's rating affirmation reflects his view that Holley has a strong positioning as the leader in the attractive and defensive U.S. performance automotive aftermarket products industry.
- Price Action: HLLY shares are trading lower by 17% at $6.64 on the last check Monday.
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.
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!