November 5, 2013 10:47 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, Citigroup analyst Ashwin Shirvaikar reiterated a Buy rating $35.00 price target on
ExlService (NASDAQ: EXLS).In the report, Citigroup noted, “During its recent 3Q13 earnings call, EXLS had indicated it had a Top 3 client that was close to a final decision on whether to walk away from EXLS. In an 8K filed after the close today, EXLS named the client (Travelers) and discussed the background on the client and the circumstances of the client loss. Travelers represented 9.6% of EXLS total revenues in 3Q-2013. Our view is that another vendor to whom the work can be transferred has not yet been identified, so there should be no material impact on calendar year 2013 revenues. While the company estimated a $14-$28 million impact (3%-6% of revenues) in 2014, that is an early guess given the above circumstance. BPO contracts tend to be remarkably sticky and so a much longer transition and a correspondingly smaller 2014 impact is quite possible – of course this would just prolong the ‘grow-over' agony.”ExlService 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.
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