January 9, 2013 11:22 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 Wednesday, Bank of America Merrill Lynch reiterated its Buy rating on SouFun Holdings Limited (NYSE: SFUN), and raised its price target from $26.00 to $29.50.BofA Merrill Lynch noted, “Following our property team's 2013 year ahead report that expects volume and ASP up 6-7% YoY, we raise our estimates and PO on Soufun to reflect the positive momentum on the property market since Dec. The mid-Dec Central Working Economic Conference which set the policy tune for the whole year is also consistent with our positive house-view on the real estate industry. China's new Premier, Li Keqiang, has repeatedly said that urbanization will be the key driver for China's domestic consumption growth and housing will play a key role in this process. This will drive new projects and hence advertising opportunities for Soufun.”SouFun Holdings Limited closed on Tuesday at $27.13.
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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