January 31, 2013 8:19 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.
Morgan Stanley downgraded Priceline.com Incorporated (NASDAQ: PCLN) from Overweight to Equal-weight and lowered the price target from $750.00 to $730.00.Morgan Stanley commented, "Over the next three years, we expect PCLN to grow bookings at a 19% CAGR and EBITDA margins to contract by 220bps. PCLN is entering a new landscape with a strong number two competitor in Europe (Expedia, Equal-weight). We expect greater online advertising deleverage due to a more competitive environment for paid search marketing, Google's travel initiatives and lower advertising ROI in newer markets. Furthermore, the rapid shift to mobile bookings is a threat to PCLN given its core expertise lies in desktop SEM."Priceline.com closed at $695.09 on Wednesday.
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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