May 1, 2013 9:04 AM | 1 min read
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 report published Wednesday, Goldman Sachs analyst Paul Thomas initiated coverage on West Corporation (NASDAQ: WSTC) with a Buy rating and $28.00 price target.In the report, Thomas noted, “WSTC is a technology-driven, communication services company focused on delivering solutions to Fortune 1000 businesses. We believe West is well positioned to accelerate its organic growth after transitioning its business toward platform-based (automated) services and away from agent-based services (call centers). The transition has improved free cash flow performance and expanded capital allocation potential creating an attractive entry point, in our view. Our price target would equate to 10.7X our CY13 pro forma adjusted EPS estimate of $2.62.”West Corporation closed on Tuesday at $21.00.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.