October 11, 2012 8:59 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.
Credit Suisse initiated coverage on Take-Two Interactive Software (NASDAQ: TTWO) with a Neutral rating and a $14 price target. Credit Suisse noted, "Given the delay of games into FY13 as well as the release of Grand Theft Auto, which we expect to straddle FY13 and FY14, we expect FY14 to be a peak earnings year. We hence believe most of the good news is already priced into TTWO shares at present. … TTWO shares are currently trading at 1.3x, and 5.5x our CY13, and CY14 EBITDA estimates respectively, but given the higher relative contributions Take-Two sees from a more limited number of releases, there is inherently a higher degree of risk to our estimates both in terms of commercial success of any given product as well as potential release date delays."Take-Two Interactive Software closed at $10.32 on Wednesday.
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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