September 6, 2013 8:45 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 published Friday, Canaccord Genuity analyst Richard Davis initiated coverage on
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.
(NASDAQ: SPLK) with a Buy rating and $62.00 price target.In the report, Canaccord Genuity noted, “Big Data captures imaginations, but the more valuable insight is that Splunk has developed one of the leading plays, and only mid-cap public investment play, on something more interesting – helping companies understand what's happening in their business. More specifically, that means discovering what's happening and assessing the importance of recorded events – whether that is elevator run times, trains, routers or e-commerce customer activity. In effect, Splunk is a critical infrastructure underlying ‘The Internet of Things.' The firm does this with best-in-class indexing, search and as of June an analytics engine for Hadoop.”Splunk closed on Thursday at $55.39.
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