September 7, 2010 9:47 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.
Shares of Biovail Corporation (NYSE: BVF) are really moving this morning, gaining over 5% today. This comes as UBS raised its price target to $34 from $29, and is keeping its Buy rating.In the research report, UBS says, "CEO Michael Pearson sends memo to Biovail employees In a memo to Biovail employees, the CEO disclosed that the merger team has identified >$300M in cost synergies with >$200M expected in 2011 and the balance in 2012. Further, by the end of 2012 the expected cash tax rate is 15%. Finally, operating targets for each business unit are >20% constant currency growth, >10% organic growth, >35% EBIT margin and an annual cash flow target. All metrics are higher than expected."Biovail Corporation, a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products used in the treatment of specialty central nervous system disorders. Biovail is gaining $1.36 this morning in early Tuesday trade.
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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