May 14, 2015 10:55 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.
In a report published Thursday, Citi analysts maintained their Neutral rating and price target of $39 on
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: NTAP), following the company's "lukewarm" 2FQ results and forward guidance.While FX headwinds pressured the revenue for 4FQ, the underlying storage demand appeared to have weakened. The analysts believe that the indicators so far point towards the company posting its top line and EPS either in-line or slightly below expectations."We believe there is risk of a modest guide-down (for the July quarter) given that revs have declined by an average of 11% q/q during the past two years, and mgt may error on the side of cautious given a lukewarm demand environment," the analysts said.The analysts also expressed their concern regarding the impact of high-end refresh by NetApp's competitors, whether storage start-ups were having a favorable impact on sales, updates regarding incremental adoption of ONTAP 8 among the current users, details regarding cloud service providers and visibility into European demand.
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