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.
Netflix, Inc. (NASDAQ: NFLX)'s recent upgrade by Bank of America is a case of an analyst eating crow, CNBC's Jim Cramer said Tuesday.
Analyst Nathan Schindler more than doubled his price target on Netflix Tuesday to $722 and boosted his 2016 earnings estimate more than 120 percent to $4.32, from $1.96.
Netflix gained more than 3 percent recently to $572.04.
"Talk about eating crow," Cramer said. "This is like a whole tree of crows like we saw in the movie 'The Birds'."
"This was just an extraordinary reversal of how a guy feels about a stock," Cramer said of Schindler's changed view.
Schindler reportedly boosted his rating to Buy from Underperform, telling clients he's "more constructive" on Netflix's potential to grow subscribers and earnings based on its rapidly growing original content.
Analysts on average expect 2016 earnings of $3.52 a share, maintaining an Overweight rating and $561.05 target on Netflix.
Netflix last month posted a 24 percent gain in first-quarter revenue.
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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