October 30, 2013 9:13 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 Wednesday, Morgan Stanley analyst Joseph Moore downgraded the rating on
Ambarella (NASDAQ: AMBA) from Overweight to Equal-Weight, and removed the $18.00 price target.In the report, Morgan Stanley noted, “Valuation has moved higher, as the company has executed very well since the IPO, consistently hitting numbers despite some headwinds in the highest margin part of the business (broadcast). Growth prospects remain solid, though we maintain valuation sensitivity, given immature end markets in auto and sports cameras with reasonably high customer concentration. With the stock trading at 18x 2014 EPS, we still see solid growth, but the risk reward is a bit more balanced from here.”Ambarella closed on Tuesday at $21.50.
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.
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