UPDATE: Morgan Stanley Reiterates Overweight Rating on Sonic Automotive Following Investor Feedback


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 Thursday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight 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.


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Sonic Automotive (NYSE: SAH) and maintains the $30.00 price target.In the report, Morgan Stanley noted, “Following our recent upgrade to OW, we've had plenty of discussions with clients and dealer industry peers alike. While most wanted to understand how differentiated the One-Sonic-One Experience is, there were some real and interesting pushback/concerns as well.”Sonic Automotive closed on Wednesday at $24.98.
Posted In: Analyst ColorReiterationAnalyst RatingsMorgan StanleyRavi Shanker