UPDATE: Bank Of America Reiterates On Renren On Tighter Cost Control Amid Transition

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 Tuesday, Bank of America analyst Eddie Leung reiterated an Underperform rating on Renren (NYSE: RENN), and raised the price target from $2.80 to $3.10.In the report, Bank of America noted, “We see its restructuring of game and groupbuy businesses to help control costs. However, its social network and video subsidiary are still facing tough competition and, hence, are likely to drag on profitability in the near term. Company is exploring new business opportunities including online finance and online user shows.”Renren closed on Monday at $3.27.

27% profits every 20 days?

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