August 21, 2013 11:43 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 released this morning, UBS analyst Steven Milunovich raised his price target on Apple (NASDAQ: AAPL) from $500 to $560, while reiterating his Buy rating.Milunovich stated that the accretive impact of an iPhone 5c could present a new revenue stream for the tech giant, and could help shares continue their breakout. His model accounts for a $399 price point on the new phone and a 38 percent gross margin.Further adding to his bull case, he stated that he expects a deal with China Mobile before the year end.The report also mentioned that he does not expect the company to increase its buyback in the near term, despite the fact that the company could "easily fund" a $30 billion increase.Following the report, shares rose slightly, gaining 0.69 percent to $504.49 midway through the morning 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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