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 Alibaba Group Holding Ltd (NYSE: BABA) have had a tough 2016, underperforming all major U.S. stock indexes. The stock has lost more than 3 percent year-to-date, even in spite of the 17.1 percent surge seen in the past 3 months. However, the Vetr crowd seems to believe the recent run-up will continue.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
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On Friday, top raters at the Vetr community decided to upgrade their rating on shares of Alibaba, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating seems more aligned with the crowd’s target price of $87.98, which implies an upside potential of more than 11.6 percent from current valuations.
Interestingly, it should be noted that only 71 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is not as bullish as the top raters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.