January 24, 2014 10:03 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 Friday, Morgan Stanley analyst Joseph Moore maintained an Overweight 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: ALTR), with a $40.00 price target. According to the report, for the fifth consecutive quarter, we look past some elements of the qtr that were below expectations, but have hope for the future, as wireless is turning, new products are growing nicely, and the 1Q correction in telecom, computing and broadcast should be short lived.“Solid upside in 4Q, but another small disappointment in 1Q as revenue numbers come down by 2% & the buyback was less than we hoped,” the report noted. “Still, commentary on wireless was strong, 28 nm could grow 30% next 2 qtrs from 4Q $44 mm (31% shr), and we'd expect all business segments to grow from here.”ALTR closed Thursday at $32.66.
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