April 23, 2013 10:32 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 Tuesday, Canaccord Genuity analyst Matthew D. Ramsay reiterated a Buy rating on ARM Holdings plc (NASDAQ: ARMH), and raised the price target from $50.00 to $52.00.In the report, Ramsay noted, “ARM reported Q1/13 results exceeding our and consensus estimates, driven by strong royalty sales from seasonally strong December quarter smartphone processor sales in both Western and emerging markets, embedded market share gains, and a favorable FX impact to operating expenses. We maintain our belief ARM is well positioned to exceed consensus sales and earnings estimates for 2013/14, driven by an expanding royalty rate in ARM's key smartphone and tablet markets as newer Cortex-A, big.LITTLE, and ARMv8 chip volumes increase and by market share gains in under-penetrated markets including digital TVs, networking, embedded, and M2M.”ARM Holdings plc closed on Monday at $40.24.
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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