February 6, 2013 1:48 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.
Stifel Nicolaus maintained Allergan (NYSE: AGN) with a Buy rating and raised the price target from $110.00 to $118.00. Stifel Nicolaus noted, "2013 guidance was robust, with product sales of $5.9-6.2bn (Consensus at high end of range) and EPS between $4.75-4.83 (15-17% growth, Consensus $4.74). Notably, guidance excluded obesity intervention (discontinued business), indicating strength in all other business lines, namely Botox with iOAB launch. With Allergan's 10% topline growth and mid-teens EPS growth aspirations intact, we look ahead to multiple 2013 catalysts (Levadex and Voluma FDA decisions, and bimatoprost and DARPin developments). As Allergan continues to execute on its growth plans, we reiterate our Buy and raise our TP to $118 to incorporate recent acquisitions."Allergan closed at $106.70 on Tuesday.
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.
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