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, Goldman Sachs analyst Ikuo Matsuhashi maintained a Neutral rating on Softbank Corp (OTC: SFTBF), raising its price target to ¥9,700 from ¥8,900, in light of Alibaba’s value estimate hike.
According to the report, “Based on our SOTP model, a ¥1 tn change to the value of the Alibaba Group would have an approximate ¥180 theoretical price impact.”
Some key points from the report included:
-”We believe the shares are rising partly on new purchases by overseas investors, who have been somewhat passive on Japanese stocks, as they are exposed to Alibaba shares and we expect this trend to continue.”
-”Our new SOTP-based 12-month target price is ¥9,700 (we keep a 15% discount in consideration of SB’s characteristics as a holding company).”
Risks:
-”Chinese internet stocks rising, faster/slower than expected earnings recovery for Sprint.”
Softbank closed Tuesday at $86.43.
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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