January 23, 2013 12:56 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
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.
dated January 22, David Einhorn's Greenlight Capital discussed its positions.The letter, which is signed by the fund, states that, despite the drop in Marvell Tech (NASDAQ: MRVL), Greenlight continues to like the stock. Likewise, Greenlight is also a fan of Computer Sciences (NYSE: CSC), a position it began to build in February of 2012.Greenlight admits that the $1 billion patent infringement case dealt a severe blow to its Marvell position, but doesn't believe that it's fundamentally in the wrong on the company. Greenlight reiterated its belief that Marvell was on the cusp of a “large product transition” that was “not in the [present] valuation.”Greenlight compared Marvell to its position in Sprint (NYSE: S): The telecom giant was poor performer until late 2012 when Japan's Softbank stepped up to purchase a 70 percent stake.On Computer Sciences, Greenlight stated that it believes the company is capable of earning more than $4 per share. Despite the recent appreciation in shares, Greenlight believes they have the potential to move even higher.Shares of Computer Sciences were down about 1 percent on Wednesday, while shares of Marvell moved up about 1 percent.
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