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.
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 China-based company came out with an IPO of 6.7 million shares at a price of $13.00 a share in September. The stock opened with a gain of 17 percent on September 23 and traded between $15.25 and $18.29 representing a gain between 17.3 percent and 26.3 percent.
Gridsum Holding has been reviewed by three brokerage houses and they all rated the stock a Buy, pointing out that the company is riding the wave of digital intelligence. The company is an early mover as far as big data analysis in China is concerned.
The current brokerages' price target suggests that the stock still offers about 20 percent upside potentials from the current levels.
The following brokerages have rated Gridsum Holding a Buy:
- Citigroup, with a price objective of $21.
- Goldman Sachs Group, with a target price of $20.60.
- Stifel Nicolaus, with a price tag of $21.
At last check, the stock was down 0.79 percent at $16.29.
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!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.