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.
Brean Capital LLC analyzed the growth opportunities of Broadcom Ltd (NASDAQ: AVGO) in a report out Thursday. Analyst Mike Burton highlighted his positive outlook concerning the future growth drivers in data center and wireless segments and the eagerness toward more acquisitions after conducting a meeting with Ashish Saran, Broadcom's director of investor relations.
Broadcom expressed certainty regarding the growth for FBAR filters demand in upcoming years. "Carrier Aggregation (CA) is changing the RF front-end architectures and, as a result of companies migrating to Quadplexers and Hexaplexers to solve the issues with CA, there are more stringent demand on filters covering bands that could've used SAW in the past," according to Burton.
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!
The analyst mentioned the above-average diversified growth, industry leading profitability, top quality management team and cheap valuation as the basis for Brean's bullish outlook.
Brean Capital restated its $190 target on Broadcom, which is based on estimated P/E of 13.5x and CY17 EPS of $14.12. The firm has a Buy rating on the stock.
At time of writing, the stock was up 1.26 percent on the day at $157.10.
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.