Citigroup Reiterates Buy Rating, $3.60 PT on Sirius XM Radio - Sirius XM Holdings (NASDAQ:SIRI)

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 Monday, Citigroup reiterated its Buy rating and $3.60 price target on Sirius XM Radio (NASDAQ: SIRI).Citigroup noted, “We rate the shares of Sirius XM Buy. We believe EBITDA growth will be strong due in part to higher pricing and solid sub growth from the used car market. As Liberty Media has steadily increased its stake in Sirius in recent months, we believe Liberty will likely gain control of Sirius later this year. Should that occur, we believe Sirius will begin to aggressively repurchase its shares.”Sirius XM Radio closed on Friday at $3.23.

27% profit every 20 days?

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