UPDATE: Nomura Initiates Apple at Neutral; Upside Limited


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.


Nomura initiated coverage on Apple (NASDAQ: AAPL) with a Neutral rating and a $710 price target. Nomura said, "Our main conclusions are: 1) Near-term dynamics appear strong; 2) Medium-term dynamics look solid; 3) Longer term, we see 10ppt downside to iPhone gross margins and 4) The scope for major upside surprises appears modest. Our supply-side checks in Asia (end-September visits) in combination with our new demand-side model suggest Apple's iPhone sales could slightly beat recently lowered expectations for fiscal Q1. We see no material downside risk to consensus estimates beyond temporary issues related to supply. We expect emerging markets to drive growth thereafter; however, we expect this transition to undermine margins."Apple closed at $638.17 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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Posted In: Analyst ColorPrice TargetInitiationIntraday UpdateAnalyst RatingsNomura