July 28, 2014 7:49 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 Monday, Brean Capital analyst Todd Mitchell 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: ARRS), and raised the price target from $33.00 to $40.00.In the report, Brean Capital noted, “We expect U.S. cable capital investments to maintain an upward trend for the remainder of 2014 and into 2015. Elsewhere, we see evidence of Arris reinvigorating Motorola's telco and international distribution and regaining lost market share. As a result, we believe Arris' current sales and earnings momentum is likely to extend past 2014 and into 2015. Moreover, we believe Arris will continue to aggressively pay down debt and is well positioned to supplement its current organic growth with accretive acquisitions of high value-add technology companies."Together, we believe these factors portend well for upside to our 2015 estimates. Shares of ARRS have outperformed over the past 12 months, but remain relatively inexpensive. With fundamentals strengthening, and estimates likely to be revised upwards, we see the potential for further upside. As a result, we are raising our target price on ARRS to $40 from $33 and reiterate our Buy rating.”ARRIS Group closed on Friday at $33.91.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.