UPDATE: Stephens Initiates Coverage on ServiceNow on Market Leader Position - ServiceNow (NYSE:NOW)

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, Stephens analyst Alex Zukin initiated coverage on ServiceNow (NYSE: NOW) with an Overweight rating and $60.00 price target.In the report, Stephens noted, “We view ServiceNow as a technology and share leader in the Cloud Computing and IT Operations Management market. Driven by market leading product capabilities, strong market trends and a growing platform play, we believe the company is well positioned for superior organic growth. We are initiating coverage with an Overweight/Vol rating and $60 price target.”ServiceNow closed on Tuesday at $47.35.

27% profits every 20 days?

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