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.
UBS's Stephen Powers restated his Buy position and $114.00 price objective on PepsiCo, Inc. (NASDAQ: PEP) despite activist investor and fund manager of Trian Management, Nelson Peltz, liquidating his 18 million share position in the company.
Powers reaffirmed management's continuous effort to "drive productivity to reinvest in its core brands to spur long-term growth." The analyst stated he remains confident in Pepsi's low likelihood of separation and continues to see upside in Pepsi's FY16 guidance.
In response to Trian's exit however, the UBS analyst said he acknowledged that "Pepsi's results will be held under elevated scrutiny over the coming quarters."
At the time of writing, PepsiCo was trading flat at $104.12, minutes before Monday's regular trading session ended.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!