February 3, 2015 8:44 AM | 1 min read |
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.
Maynard Um of Wells Fargo commented in a note on Tuesday that
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.
(NASDAQ: AAPL) $6.5 billion debt raise announcement compares to prior U.S. debt raises of $12 billion in 2014 and $17 billion in 2013.Um notes that when Apple raised debt in April 2013, it had $42 billion of cash onshore and increased its share repurchase program by $50 billion. In 2014, the company had $18 billion in cash onshore and increased its share program by $30 billion. The analyst adds that as of December 2014, Apple had $20 billion of cash onshore and it should be able to easily fund the remaining $27.1 billion of its $90 billion share repurchase authorization and fund a potential nine percent increase in quarterly dividend Um is forecasting.However, Um believes Apple will either have to raise more debt or repatriate cash in order to fund similar historical increases to its share repurchase authorization.Looking forward, Um says that a dividend and additional share repurchase authorization are potential catalysts but these moves are already “highly anticipated.”Shares remain Market Perform rated with a valuation range of $105 to $115.
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