March 14, 2013 11:25 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.
Oppenheimer maintained Inter Parfums (NASDAQ: IPAR) with an Outperform rating and raised the price target from $24.00 to $27.00.Oppenheimer analyst Joseph Altobello commented, "Inter Parfums' 4Q results were better than expected, boosted by strong gross margin expansion and a better than expected tax rate. Further, management reaffirmed 2013 guidance, which implies mid-teens sales growth for the non-Burberry portion of IPAR's portfolio. Importantly, we believe a second leg to the story is developing, namely margin expansion, to go along with robust top-line growth, while cash-adjusted valuation is palatable. Thus, we are reiterating our Outperform rating on the shares, while raising our DCF-derived target price to $27 from $24."Inter Parfums closed at $23.42 on Wednesday.
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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