June 5, 2014 7:51 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 Thursday, Bank of America analyst Justin Post 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: YHOO), but lowered the price target from $43.00 to $42.00.In the report, Bank of America noted, “We hosted Ken Goldman, CFO, at our annual Tech conference in SF on 6/4. Mr. Goldman's presentation highlighted a core business still in transition and management's intention to be good stewards of capital. For the core business Yahoo highlighted: 1) a focus on search with consistent growth in nine straight quarters; 2) traction for in-stream display ads that are a near-term revenue headwind due to lower pricing, but capable of seeing targeting and pricing improvements, and 3) continued mobile focus with half (430mn) of Yahoo users now on mobile. Mr. Goldman highlighted that Yahoo has been a buyer of its shares, repurchasing $325mn in stock in 2Q (as of 5/8), and we think buybacks have likely continued in 2Q as the stock price has been relatively stable (between $33-37).”Yahoo! closed on Wednesday at $34.73.
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