October 2, 2012 2:04 PM | 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.
Feltl and Company raised its rating on Synaptics (NASDAQ: SYNA) from Sell to Hold with a $21 price target. Feltl and Company commented, "Since early September, shares of SYNA have declined from levels ~$30 to current price levels ~$23, a percentage decline equaling ~24%. We believe the share decline reflects less near- term optimism among SYNA investors. However in our opinion near-term concerns regarding ramp of Windows 8, and potentially slowing growth within mobile, may be reflected in current investor sentiment. While we believe near-term expectations likely reflect estimated weakness within PC/Mobile markets, we still believe current consensus estimates for FY13/FY14 potentially remain inflated. Given a likely reset in near-term expectations and less downside to our revised target from the current share price, we are upgrading shares of SYNA to HOLD from SELL."Synaptics closed at $22.87 on 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.
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