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.
LinkedIn Corp (NYSE: LNKD) hit a 52-week high of $243.25 on Friday, following an Outperform rating from Wells Fargo; The firm on Thursday initiated coverage with a valuation range of $260 to $270.
LinkedIn is not the only Internet stock that hit a 52-week high recently. Below are a few other recent successes in the sector.
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Tucows Inc. (USA) (NASDAQ: TCX)
This $212 million market cap Internet services provider hit a 52-week high of $18.80, before falling to $18.45. The stock has been on an uptrend this year, having gained more than 31 percent year-to-date. The past couple of months were particularly good, as the stock inched up about 25 percent.
Additionally, recent news of Ting Fiber, Inc -- a wholly owned subsidiary of Tucows -- acquiring a 70 percent stake in independent Internet service provider Blue Ridge InternetWorks proceeded the stock's upward movement.
One major fund betting on this company is Jim Simons’ Renaissance Technologies LLC, which recently disclosed ownership of 562,324 shares.
Equinix Inc (NASDAQ: EQIX)
Equinix also hit a 52-week high, last week, when it traded for $233.82. The $12.6 billion market cap data center services company is up more than 30 percent year-to-date, and analysts believe that it could continue to rise.
Recently, Barclays set its price target at $235 and, earlier this quarter, Citigroup and Jefferies said they believe the stock could reach $240. Stifel also recommended buying the stock (same as the two aforementioned firms), fixing a price target of $250.
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.