January 14, 2013 11:53 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.
In a report published Monday, Deutsche Bank downgraded its rating on Scripps Networks Interactive (NYSE: SNI) from Buy to Hold, and lowered its price target from $76.00 to $65.00.Deutsche Bank noted, “We are lowering our DCF-based target price, predominately as a result of lower estimates due to poor viewership trends at the Food Network, as well as fine tuning affiliate growth and investment losses based on management commentary at a recent conference. With more limited upside to our target price, a Hold rating becomes appropriate. We had been patient with soft Food Network ratings trends post-Olympics, hoping for a turnaround while waiting for Tribune to emerge from bankruptcy as we expected SNI would successfully be able to buy in the Food minority stake from Tribune.”Scripps Networks Interactive closed on Friday at $59.83.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.