November 19, 2010 8:25 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.
Marvell Technology Group (NASDAQ: MRVL) reported 3Q results that were largely as expected and guided 4Q revenues a bit weaker than the Street expected (but in line with FBR Capital Market's preview), as mobile and networking chip shipments realign closer to end consumption rates.“3Q revenues of $959M (+7% QOQ, +19% YOY) and gross margins of 59.5% were in the middle of guidance and as expected,” FBR Capital writes. “3Q pro forma EPS of $0.45 was better than our $0.43 due to favorable taxes and operating expenses.”FBR Capital maintains its Outperform rating, its CY 2011 and CY 2012 EPS estimates of $1.55, and its $25 price target, based on a constant 16x target P/E multiple (1H'11 including stock compensation).Marvell Technology currently trades at $18.94.
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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