May 9, 2014 2:10 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Shares of Groupon, Inc. (NASDAQ: GRPN) are continuing to recover Friday (up ~8 percent) after plummeting ~20 percent on Wednesday following the release of its Q1 2014 earnings results.One of the few bulls and Sterne Agee analyst Arvind Bhatia is feeling "incrementally more convinced in the potential for a back-half 2014 recovery at Groupon." after having had the chance to meet with Groupon CEO Eric Lefkofsky. Currently, Bhatia has Groupon rated as Buy with a $12 price target.Bhatia believes that if management is able to deliver on the three metrics (1)double digit Local growth in North America 2) 10 precent gross margins on Goods segment 3) Enabling rest-of-world to break even) by the fourth quarter of this year then it is "plausible" that the company will achieve its $300 million EBITDA goal.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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