August 1, 2014 9:11 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 Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on
Automatic Data Processing (NASDAQ: ADP), and raised the price target from $71.00 to $80.00.In the report, Deutsche Bank noted, “Dealer spin-off to provide EPS accretion. ADP reported revenues of $3.07bn (10% Y/Y) and EPS of $0.63 compared to our est. of $3.03bn (8% Y/Y) and $0.63. Solid momentum in Employer Services (ES) and PEO partially offset by weaker than expected Dealer services. Positively, interest on funds held for clients is expected to turnaround in FY15 ($5-$15m Y/Y growth vs. $48m Y/Y decline in FY14) which will drive margin expansion and ADP has guided to 75-100bps of margin expansion in FY15 (compared to flat in FY14). The company expects 11 – 13% EPS growth in FY15 with further upside from the divestiture of dealer services. Accordingly, we are raising our FY15 EPS by $0.06 to $3.52 and introducing our FY16 EPS of $3.88. Maintain Hold.”Automatic Data Processing closed on Thursday at $81.31.
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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