April 29, 2015 9:26 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
In a report published Wednesday, Credit Suisse analysts maintained a Neutral rating on
Open Text Corporation (NASDAQ: OTEX), while reducing the price target from $60 to $51.Open Text Corp reported lackluster quarterly results, with revenues and EPS at $447.6 million and $0.66, respectively, short of Credit Suisse estimates. The company's license revenue growth continued to miss expectations for the third consecutive quarter."We recognize that currency headwinds are outside of the company's control, but continued sales execution issues and muted demand in certain developing markets as well as a relatively lackluster product upgrade cycle thus far (v10.0, v10.5, and SP1 release) have only exacerbated the FX-driven top line revenue weakness, in our view," the analysts mentioned.Open Text Corp faces tough license revenue comps in F4Q. Although the company's ability to create earnings through accretive acquisitions and generate strong cash flow adds strength, challenges to organic growth remain a cause of concern.The EPS estimate for FY16 has been reduced from $4.10 to $3.83.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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