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) short interest has been falling since hitting a high in December and net borrowing of its shares is at the lowest level in five months, an analyst said Wednesday.
Wall Street expects the company to post earnings growth of 36 percent when it offers fourth-quarter results Thursday.
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Karl Loomes, analyst for SunGard's Astec Analytics, said LinkedIn's recent short interest trend "would suggest short sellers are not willing to bet on the company's share price losing ground anytime soon."
About 7.25 percent of LinkedIn shares were held as short interest as of January 15. That's down from nearly 8 percent a month earlier.
During LinkedIn's recent short-term selloff between January 25 and January 29, Loomes said short sellers covered their positions and share borrowing volumes fell 33 percent in just that short period.
Since then, borrowing volumes continued to slide, down an additional 11 percent since January 29, Loomes said.
Of 36 analysts following LinkedIn, 27 maintain Buy ratings and 10 maintain Holds.
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.