October 29, 2013 9:05 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 Tuesday, Benchmark Company analyst Daniel L. Kurnos reiterated a Buy 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: IACI), and raised the price target from $63.00 to $66.00.In the report, Benchmark Company noted, “InterActiveCorp (IACI-Buy, PT from $63 to $66) is set to report 3Q13 results today after the close. While we believe it is generally understood that 3Q is expected to be a trough for the affiliate search market, reflecting the timing of implementation of certain Google (GOOG-Not Rated) policy changes, soft CPC results and limited Network revenue growth could indicate incremental pressure on IAC's 3Q Search results. As an offset, however, Match growth is likely to accelerate through the balance of the year, which, combined with easier comparisons, is likely to drive accelerating OIBA growth as well. We are adjusting our estimates to reflect a slightly weaker 3Q and slightly stronger 4Q, leaving our full-year numbers essentially unchanged. We reiterate our belief that a valuation of 7x 2014E EV/EBITDA undervalues one of the two core assets, with IAC's ‘other' portfolio likely currently being attributed no value.”IAC/InterActiveCorp closed on Monday at $57.02.
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