January 22, 2016 10:34 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.
Shares of
NVIDIA Corporation (NASDAQ: NVDA) were trading higher by more than 2 percent on Friday as investors and traders were encouraged by the prospects of its new partnership with
Alibaba Group Holding Ltd (NYSE: BABA)'s cloud unit, AliCloud.Related Link:
Nvidia Details New Partnership With Alibaba's AlicloudMark Lipacis of Jefferies commented in a note that AliCloud will partner with around 1,000 data developers and ultimately become a $1 billion business. The analyst stated that partnering with Nvidia will "make it happen."Lipacis continued that the partnership represents just 1 of many similar announcements between hyperscale cloud companies and "highlights one of the growth legs that underpins our Buy thesis."Finally, Lipacis pointed out that Nvidia's cloud business has grown at a 31 percent compounded annual growth rate over the past 3 years and represents 6 percent of revenues. The analyst added that he expects the cloud segment to continue driving growth moving forward.Shares of Nvidia remain Buy rated with an unchanged $38 price target.
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.
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