UPDATE: Topeka Raises Bankrate PT on Late-Year Margin Trends


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.


In a Thursday report, Topeka Capital Markets reiterated its Hold rating on Bankrate, Inc. (NYSE: RATE) and increased its price target from $11 to $13, citing improvements in credit card macro trends.Topeka noted, "At an investor conference yesterday, Bankrate's CFO, Ed DiMaria, sounded upbeat about margin trends in the back half of the year. In addition, latest available data for macro credit mailings showed signs of improvement. Our price target increases to $13 from $11 on an increase in our target multiple."Bankrate closed Wednesday at $11.55

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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Posted In: Analyst ColorPrice TargetAnalyst RatingsTopeka Capital Markets