UPDATE: Topeka Capital Markets Initiates Cypress Semiconductor with Buy on Attractive Entry Point

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 Monday, Topeka Capital Markets analyst Suji De Silva initiated coverage on Cypress Semiconductor Corporation (NASDAQ: CY) with a Buy rating and $12.00 price target.In the report, De Silva noted, “We are initiating coverage of Cypress Semiconductor with a Buy rating and a $12.00 price target. We believe that current CY stock levels represent an attractive entry point, given modest investor expectations for Touch Controller and margin recovery in 2013.”Cypress Semiconductor Corporation closed on Friday at $10.13.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!