January 18, 2013 11:59 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.
Goldman Sachs downgraded NetSuite (NYSE: N) from Conviction Buy to Neutral and raised the price target from $71.00 to $75.00.Goldman Sachs noted, "We downgrade shares of NetSuite to Neutral from Buy and remove it from the Americas Conviction List, as shares are approaching our $75, 12-month price target and now trade at 12x 2013E EV/sales, which we consider to be appropriate. … While we believe 4Q billings will come in ahead of consensus expectations and meet our 38% growth target and are raising our 12-month price target to $75 from $71 given revised longer-term growth expectations, we are taking NetSuite off the Conviction and Buy Lists given the lower upside (roughly 12%) to our price target relative to other names under coverage."NetSuite closed at $67.72 on Thursday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.