February 12, 2014 7:54 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 Wednesday, Brean Capital analyst Todd Mitchell reiterated a Buy 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: ARRS), and raised the price target from $26.00 to $32.00.In the report, Brean Capital noted, “We see the potential for continued outperformance in 2014. Shares of ARRS rose over 50% since the beginning of 4Q13 as investors warmed to the potential of its acquisition of Motorola's consumer premise equipment (CPE) business. We look for 4Q13 results to signal a return to growth for this business, and believe that Arris will be able to exceed the market's 2014 EPS outlook on more rapid-than-expected cost synergies. We think the return to a positive growth trajectory, the emergence of affirmative spending trends, and the possibility for upside to EPS estimates, as well as the company's aggressive pay-down of debt and its increased capacity to use its balance sheet to make accretive acquisitions of high value-add technology companies, all point to the potential continued outperformance in 2014. As a result, we are raising our target price on ARRS to $32 from $26 and we reiterate our Buy rating.”ARRIS Group closed on Tuesday at $26.18.
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