November 5, 2013 9:20 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, J.P. Morgan analyst Tien-tsin Huang downgraded the rating on
ExlService Holdings (NASDAQ: EXLS) from Neutral to Underweight, and lowered the price target from $33.00 to $26.00.In the report, J.P. Morgan noted, “We are downgrading EXLS shares to Underweight (from Neutral) after learning EXLS received a termination notice from Travelers (10% customer). According to the 8-K, the termination was triggered by a breach of client confidentiality policies, which we fear could create a PR issue for EXLS and freeze its deal pipeline in the near term. We've been concerned about building headwinds in 2014, and this is a significant headwind, so we are cutting our estimates and price target significantly and recommend investors avoid the stock until more clarity is gained on the potential fallout of such a loss.”ExlService Holdings closed on Monday at $29.07.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.