February 14, 2014 12:45 PM | 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 note issued Friday, D.A. Davidson & Co. Downgraded Avago Technologies (NASDAQ: AVGO) from Buy to Neutral, Despite increasing the price target from $60 to $64.D.A. Davidson & Co.'s Thomas Diffely took the lead on the rating change of Avago Technologies this Friday. The big take away from Diffely's note is, although, Avago is expected to nearly double revenues with the "very attractive" acquisition of LSI Corporation (NASDAQ: LSI), he believes this is already reflected in the stock price. In addition to this, Diffely remains skeptical that Avago will meet the consensus view on revenues for fiscal quarter one.Diffely concluded the note saying, "We believe the risk-reward profile for the stock is fairly well balanced and are moving our rating from Buy to Neutral."At last check, Avago is down almost 2 percent at $58.06.
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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