Fast Money Traders Are Bullish On Ambarella Inc

by Benzinga Staff
March 7, 2015 7:42 AM | 26 seconds read | Make a Comment

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.

On CNBC's Fast Money, Pete Najarian spoke about

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Ambarella Inc (NASDAQ: AMBA) and the impact of the announcement that Xiaomi is going to use its chips. He likes its growth and he believes that valuation is cheap. He has a long position in the name. Tim Seymour thinks that Xiaomi is a great partner for Ambarella Inc and he sees the stock as a home run. Dan Nathan also likes the stock. He believes that there are other industrial uses for its products.

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.

Posted In: CNBCMediaDan NathanPete NajarianTim Seymour

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