February 7, 2011 7:43 AM | 1 min read
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.
Wunderlich Securities raised its Cisco Systems (NASDAQ: CSCO) price target to $24 from $22 in a research report published today. Wunderlich Securities has previously given Cisco Systems a Hold rating.In the report, Wunderlich Securities states, "Cisco (CSCO) reports 2Q11 Wednesday after the close. During 2Q11 we believe inventory conditions in commercial channels improved and demand remains firm with enterprise accounts. We are raising our forecast to the low end of the full-year goal of 9%-12% revenue growth management targeted during the last earnings call. Our price target increase to $24 from $22 reflects a slight forecast increase, the effect of time on our intrinsic value calculation, and the view that prospects will improve for multiple expansion toward the level of the S&P 500, especially as the market looks beyond the comparison with the 14-week quarter of 3Q10."Shares of Cisco Systems were at $22.20 in pre-market trading at the time of posting, up 0.68% from Friday's market close.
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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