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.
Stephen Ju of Credit Suisse assumed coverage of Priceline Group Inc (NASDAQ: PCLN) on Monday (due to the departure of the primary analyst) with an unchanged Outperform rating and $1,450 price target.
"Our investment thesis remains unchanged as our rating is based on Priceline's open-ended growth opportunity predicated on continued share gain in the European hotel market," Ju wrote in a note to clients. The analyst adds that its scale in the "fragmented supply base" provides a "structural moat" for its Booking.com business, which will be difficult for competing firms to replicate.
Ju also sees significant growth coming from Asia, as China is the largest outbound travel market at $100 billion in gross travel bookings. The analyst adds that Priceline's 5.8 percent stake in China-based Ctrip gives the company an additional advantage in the region.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!