October 29, 2012 11:19 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.
In a report published Monday, Piper Jaffray & Co. reiterated its Overweight rating and $31.00 price target on Yandex NV (NASDAQ: YNDX).Piper Jaffray noted, “We expect Yandex to report Q3 local currency growth in line with what we believe are Street estimates for 43-44% y/y revenue growth, and guide Dec-12 in line with the Street. We note that strength in the ruble should give Yandex a 5% q/q tailwind. We are adjusting estimates for the strengthening of the ruble in Q3 and allowing the new exchange rate from quarter end to flow forward in our model. Thematically, we continue to believe the share story with Google is the most important piece to YNDX. We believe that going forward, Yandex should be able to continue to maintain or even gain share following the launch of their own browser. We continue to believe shares are undervalued trading at ~24x FY13 EPS estimates with 35%+ expected local currency growth.”Yandex NV closed on Friday at $23.07.
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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