September 23, 2013 9:03 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 Monday, Nomura analyst Stuart Jeffrey reiterated a Neutral rating 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: BBRY), but lowered the price target from $10.00 to $9.00.In the report, Nomura noted, “BlackBerry pre-announced Q2 headline results, saying that revenues will be around $1.6bn (consensus was $3.1bn), that an inventory write-down would total $930-960m, that adjusted net loss would hit $250-265m, and that cash outflow would total nearly $500m. This might just be the worst miss that we have seen in 17 years of covering tech stocks. Management has announced more headcount cuts, a further slimming down of the handset portfolio, and an exit from the consumer market. Many IT departments have started looking at BlackBerry alternatives. The board still has no update on its search for strategic alternatives. In the absence of an announcement on strategic options by the board, management can only try to manage the pace of declines.”BlackBerry Ltd. closed on Friday at $8.73.
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