July 31, 2014 9:03 AM | 1 min read |
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.
In a report published Thursday, Brean Capital analyst Todd Mitchell reiterated a Buy rating on
Rovi Corporation (NASDAQ: ROVI), and raised the price target from $27.00 to $33.00.In the report, Brean Capital noted, “It is time to take another look at ROVI, TP to $33 from $27. Rovi reported in-line 2Q14 results and tightened its guide for the year towards the upper end of its prior range, noting it had over 90% visibility on the rest of the year. The company purchased a related portfolio of 500 patents and refinanced its debt, pushing out maturities and acquired a revolver, both of which should strengthen its hand for upcoming negotiations over renewals with several large service providers. We estimate these deals alone could add over $125 million in annual revenue by the end of 2016, which should translate into EPS in excess of $3.00 in 2017. This company has been in the penalty box forever, but we think these actions, along with management's cautionary stance and consistent delivery, will go a long way to restoring investor confidence and lead to multiple expansion. As a result, we are raising our target price to $33 from $27 and reiterate our Buy rating.”Rovi Corporation closed on Wednesday at $23.71.
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.
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