October 21, 2013 9:32 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, Longbow Research analyst Shawn M. Harrison downgraded the 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: PLXS) from Buy to Neutral, and removed the $40.00 price target.In the report, Longbow Research noted, “Our conviction behind PLXS delivering improving sales and margin expansion is the greatest in the group since PLXS has to date in CY13 consistently delivered robust new program wins and margin upside, but we are downgrading PLXS to NEUTRAL from BUY with the shares up 51% from the JNPR-related 4QCY12 sell-off. We continue to see the FY14 consensus as too low reflecting higher EBIT margins entering FY14 and buyback accretion, but we are struggling in the current low-GDP growth environment to find significant upside in our CY14 model to push our prior $40 12-month target price (see fair value as $42-$43) considerably higher without stretching valuation.”Plexus Corp. closed on Friday at $39.57.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.