November 1, 2012 12:29 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.
Oppenheimer lowered its rating on Netflix (NASDAQ: NFLX) from Outperform to Perform and maintained its $80 price target following a significant share price appreciation on Wednesday. Oppenheimer noted, "We are downgrading NFLX to Perform from Outperform on valuation, following its 14% increase, now near our $80 target, as activist investor Carl Icahn disclosed a 10% ownership position. While we continue to believe NFLX has a strong competitive position, AMZN's future behavior toward subscription video is not predictable and will limit the stock's valuation to 13x US earnings, in our view. Furthermore, our 2013 estimates assume a steady decline in DVD subscribers, which could prove overly aggressive."Netflix closed at $79.24 on Wednesday.
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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