January 2, 2013 2:08 PM | 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 Wednesday, Piper Jaffray & Co. reiterated its Neutral rating and $109.00 price target on MWI Veterinary Supply (NASDAQ: MWIV).Piper Jaffray noted, “MWIV acquired Prescription Containers, Inc., otherwise known as PCI Animal Health, a distributor of companion animal health products to over 2,000 veterinary practices primarily in the Northeastern part of the U.S. MWIV paid $17 MM or 0.5x PCI's CY12 revenues of ~$33 MM. While the acquisition is expected to be slightly accretive to FY13 earnings, we believe the acquisition is a positive for the following reasons: 1) it is a good strategic fit for MWIV as PCI expands the company's presence in the Northeast/East Coast and 2) it brings the addition of about 800 new vet customers. Despite this favorable development, we maintain our Neutral rating and $109 PT primarily due to valuation.”MWI Veterinary Supply closed on Monday at $110.00.
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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