Benzinga's Top Downgrades - Oracle (NYSE:ORCL)

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.

Analysts at Deutsche Bank downgraded Pier 1 Imports (NYSE: PIR) from “buy” to “hold.” The target price for Pier 1 has been lowered from $24 to $18. Pier 1's shares closed at $15.86 yesterday. Wedbush downgraded PetSmart (NASDAQ: PETM) from “outperform” to “neutral.” PetSmart's shares closed at $58.27 yesterday. Analysts at BMO Capital downgraded Coach (NYSE: COH) from “outperform” to “market perform.” The target price for Coach has been lowered from $56 to $30. Coach's shares closed at $35.69 yesterday. Citigroup downgraded Oracle (NYSE: ORCL) from “buy” to “neutral.” Oracle's shares closed at $42.51 yesterday.

27% profits every 20 days?

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