October 31, 2013 10:43 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 Thursday, BMO Capital Markets analyst Jeffrey M. Silber reiterated an Outperform 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: ADP), and raised the price target from $78.00 to $84.00.In the report, BMO Capital Markets noted, “We believe the 1% new bookings growth was below Street expectations, leading to some selling pressure on the stock today. However, management still expects new bookings to come in at 8%-10% growth for the year – and this company typically delivers on its forecasts. In addition, we believe the solid bookings growth in the back half of FY2013 should compensate for some weaker-than-expected results in the first half of FY2014. We believe ADP continues to make steady progress transitioning clients onto new platforms – crucial to maintaining share as competition for HCM services intensifies. Management believes the declines in client interest should get ‘less worse' from here on out, weakening a multi-year headwind to EPS growth.”Automatic Data Processing closed on Wednesday at $74.29.
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