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 issued Tuesday, Bank of America analyst Eddie Leung initiated coverage on Alibaba Group Holding Ltd (NASDAQ: BABA) with a Buy rating and a $112 price target.
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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Leung expects Alibaba to remain the largest eCommerce name in China with a 68 percent market share (by general merchandise value) in FY17E, which provides it solid exposure to industry growth. He also feels economies of scale will support margins in the 37 to 39 percent range, along with continued monetization of ad revenues.
Alibaba shares were trading at $84.20, up 1.7 percent.