January 8, 2013 8:55 AM | 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.
Goldman Sachs downgraded Hittite Microwave (NASDAQ: HITT) from Neutral to Sell and announced a $54.00 price target. Goldman Sachs commented, "We are adding Hittite to the Americas Sell List. While we believe Hittite is a well-run company, we see 14% downside to our 12-month, $54 price target and prefer other stocks to capitalize on a broader semi recovery, as (1) we expect Hittite's gross margins to trend lower due to mix and increased competition, (2) we estimate that Hittite has about 35% of sales tied to defense, an area where we expect sales to lag the semi industry recovery due to government budget cuts, and (3) Hittite trades at a 55% premium to peers on normalized P/E and 25% on 2013 EBITDA."Hittite Microwave closed at $62.44 on Monday.
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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