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.
Cablevision Systems Corporation (NYSE: CVC) has plunged 7 percent this week. JP Morgan on Monday downgraded the stock from Neutral to Underweight, setting an $18 price target.
Shares closed Tuesday at $19.31.
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Analysts at Citigroup are not fans either, and last issued a Neutral rating, while Wunderlich has a Hold for the stock.
A Larger Peer
Liberty Global, Inc. (NASDAQ: LBTYA) (NASDAQ: LBTYB) (NASDAQ: LBTYK), much larger in terms of market cap, is another pay-TV provider; All of the ratings it received over the second half of 2014 were positive.
Most recently, Citigroup reiterated a Buy rating, accompanied by a $57 price target. In the second half of December, JP Morgan assumed coverage on the stock with an Overweight and a $55 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.