UPDATE: Nomura Initiates Coverage on Scripps Networks Interactive

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, Nomura analyst Anthony DiClemente initiated coverage on Scripps Networks Interactive (NYSE: SNI) with a Neutral rating, establishing a $85.00 price target. According to the report, SNI benefits from a well-managed collection of lifestyle genre brands – TV brands which clearly have fundamental strategic value. “However, we see modest risk of a 2014 deceleration in both advertising growth and affiliate fee growth for the Lifestyle segment,” the report noted. “As such, investors may find a better entry point ahead of 2016-17 affiliate renewals, but we believe SNI shares are already appropriately valued.”SNI closed Tuesday at $76.20.

27% profit every 20 days?

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