December 22, 2010 7:54 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.
Piper Jaffray raised its price target on shares of Red Hat, Inc. (NYSE: RHT) to $57 from $55 and kept its Overweight rating after the company reported earnings last night.In a note sent to investors, Piper Jaffray writes, "Red Hat reported Q3 results above consensus and materially raised FY11 guidance, as billings growth of 20% beat consensus of 16% despite a more difficult y/y growth comparison. Results correlated to our recent survey findings, as our checks showed resellers finished above plan and observed an improving pace of business. RHT also stated that it is definitely going after Windows, while early feedback on RHEL 6 is very positive. Fundamentals remain very strong for RHT, in our view. Overweight, target to $57."Shares of RHT lost $1.28 yesterday in after-hours to close at $46.60.
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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