July 9, 2014 1:31 PM | 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.
LogMeIn Inc. (NASDAQ: LOGM) shares plunged after a short-sale research shop put the cloud computing company on its list.The shop, Off Wall Street, said market saturation and the LogMeln's stagnant growth means a sell-off is in the cards. The shop put a $30 target on LogMein.LogMeln sought to rebut the report in a point-by-point blog post, noting that the number of customers for its IT management services is growing and a number of its products are performing well.Piper analyst Gene Munster disagreed with the Off Wall Street report, and said it understated the company's core business and opportunities from emerging products.Munster reiterated an Overweight rating and a target of $56.But LogMein was nonetheless trading recently down 6 percent at $41.49Short interest recently represented 1.79 million of LogMein's 24.3 million shares outstanding.
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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