September 10, 2013 11:04 AM | 1 min read
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 Tuesday, Piper Jaffray analyst Andrew J. Nowinski upgraded the rating on
Fusion-IO (NYSE: FIO) from Neutral to Overweight, and raised the price target from $12.00 to $17.00.In the report, Piper Jaffray noted, “We are upgrading shares of FIO to Overweight and raising our price target to $17 (prev $12), based on 2.3x EV/CY14E Sales, which is in line with the peer group. The PCIe flash storage market is large (estimated at $2.1B by 2017) and rapidly expanding (growing at a 23.5% CAGR), however, Fusion-io 's current valuation does not reflect this opportunity, in our view. While there is competition in the space, we believe Fusion-io has the most comprehensive enterprise flash portfolio and is also the only vendor that has secured OEM agreements with all the major server vendors. As such, we believe shares of FIO are undervalued and do not reflect an appropriate scarcity premium.”Fusion-IO closed on Monday at $13.60.
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.
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