February 28, 2014 10:50 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.
Stifel Nicolaus upgraded MercadoLibre (NASDAQ: MELI) from Sell to Buy and announced a $130 price target. Jordan Rohan, analyst at Stiefel, believes the “strategic value of the company is increasing” as management properly navigates issues in Venezuela and Argentina.Shares are up 18 percent to $111.50 after crushing analyst earnings and sales estimates Thursday evening.Venezuela and Argentina “issues are mostly discounted into the share at current levels, with short interest high and prevailing sentiment negative” said Rohan, who is taking a contrarian stance on MercadoLibre, the eBay of Latin America.Rohan feels “multiple expansion is likely in 2014 due to the increasing strategic importance of eCommerce in LatAm, especially Brazil, and the impressive scale that the payments platform, MercadoPago, has achieved.”
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.