July 25, 2014 8:09 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 note released early Friday morning Bank of America analyst, Justin Post lowered his price target from $420 to $400 but maintained his Buy rating on Amazon (NASDAQ: AMZN), despite weak profit guidance for the third quarter. Post wrote, "The third quarter profit outlook was well below expectations and could leave the Street questioning if the company has gone too far with its multiple strategic investment initiatives."He went on to say that with the disappointing third quarter outlook and without accelerating growth, Amazon could become a "show-me stock".Despite expecting controversy over the company's investment profile, Post believes Amazon is in a nice position to take advantage of secular growth in eCommerce, could computing, and mCommerce.The Street doesn't appear to share Post's confidence, as the stock saw a ~11 percent drop to ~319.60 in Thursday's after hours after posting its second quarter earnings. This negative sentiment has continued in Friday's pre-market session with the shares holding down around 10 percent from Thursday's close.
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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