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.
Ari Wald, analyst at Oppenheimer has provided insight into the technology sector, warning, “Never short a dull market.”
Wald views the tech sector as overweight within the broader context of the S&P 500, ahead of the other eight sectors.
Within tech, Wald has further broken down the analysis by looking at the top industry to buy and sell, and highlighting a few choice names within the space.
Tech As Top Sector
When comparing the technology sector against the S&P, Wald noted that tech stocks are “slowly retracing 2000–2002 losses,” and subsequently views that as indicative of the sector being strategically positioned to “lead the S&P’s secular advance.”
When looking into the subsectors within the tech space, Wald noted that Internet software and services have been breaking out. Electronic manufacturing, however, has begun to show “cracks” below key resistance lines, and is therefore performing weaker than other subsectors within the tech space.
Related Link: What Makes Deutsche Bank Worry About Facebook's First Quarter?
Names To Buy
- Facebook Inc (NASDAQ:
Names To Sell
- TE Connectivity Ltd (NYSE: TEL)
Of those names, Oppenheimer currently covers Facebook (Outperform), Google (Outperform) and Yahoo (Outperform).
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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