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.
FBN Securities issued a research note on EMC Corporation (NYSE: EMC) Wednesday and saw the recent pull back as a buying opportunity.
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The firm reiterated its Outperform rating and $33 price target.
Analyst Shelby Seyrafi noted that the pullback creates a buying opportunity because EMC is “starting a strong new high-end cycle with its VMAX” and the firm modeled “high-end storage growth of 4 percent Y/Y in FQ4” and saw upside potential.
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“EMC has six businesses each with $1B+ annual revenue potential,” according to Sayrafi and “EMC had a good month of September and it grew its storage revenue by 6 percent Y/Y (even without the full benefit of its new VMAX cycle).”
The report also noted that EMC has been performing well in international markets and will “be buying back $1.6B of stock in FQ4, 4x FQ3’s level,” which added to the reasons for a buying opportunity.
The report mentioned that for the “FQ3 quarter, EMC reported revenue of $6.0B (+9 percent Y/Y and in line with consensus of $6.0B) and NG EPS of $.44 (below consensus of $.46).”
EMC Corporation recently traded at $27.48, up 1.03 percent.
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.