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 Thursday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on NetApp (NASDAQ: NTAP), and raised the price target from $48.00 to $50.00.
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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In the report, Deutsche Bank noted, “NTAP reported revs of $1.52B and non-GAAP EPS of $0.53 (DB at $1.52B/ $0.50, Street at $1.53B/$0.49) which beat EPS expectations. We believe converging product cycles (ONTAP 8.1/8.2 and HW upgrades), NTAP's focus on profitability and a large capital return program provide multiple paths to increasing shareholder returns. We raise est's and at ~9x CY13 EV/FCF, NTAP remains an attractive value with room for multiple expansion; particularly in light of shareholder friendly actions and building product momentum. Maintain Buy.”
NetApp closed on Wednesday at $42.33.