March 6, 2013 10:52 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.
In a report published Wednesday, Goldman Sachs downgraded its rating on QUALCOMM (NASDAQ: QCOM) from Conviction List-Buy to Buy, and reiterated its $80.00 price target.Goldman Sachs noted, “We are removing Qualcomm from the Americas Conviction List, as (1) we see chipset market share peaking in 2013 as competitors launch LTE chipsets into 2014; (2) we see device ASPs in the royalty business also peaking in 2013 as smartphones shift to emerging markets; (3) 3G/4G attach in tablets/notebooks is trailing expectations; and (4) Verizon is pushing for LTE-only (no CDMA) devices in 2014, which is a modest risk to estimates but a more meaningful risk to the multiple. Since being added to the CL on 7/12/10, Qualcomm shares are up 100% vs. the S&P 500 up 43%.”QUALCOMM closed on Tuesday at $67.97.
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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