UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Alibaba Group Holding Ltd. Following Strong Beat

by Benzinga Staff
November 5, 2014 9:03 AM | 26 seconds 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 Wednesday, Morgan Stanley analyst Angela Moh reiterated an Overweight rating on Alibaba Group Holding Ltd. (NYSE: BABA), and raised the price target from $111.10 to $118.10.In the report, Morgan Stanley noted, “Mobile monetization rate beat, reaccelerating C2C growth, and robust active user growth supported better earnings delivery. Reiterate OW. Alibaba delivered a strong set of F2Q15 results, beating our revenue by 3%, non-GAAP EBITDA by 9% and our non-GAAP net profit by 13%.”Alibaba Group Holding Ltd. closed on Tuesday at $106.07.

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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Posted In: Analyst ColorPrice TargetAnalyst RatingsAngela MohMorgan Stanley

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