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!
Wall Street Vet Reveals $9 Options Secret
Tired of tiny stock gains? This 40-year insider is spilling the beans on how to turn small investments into 600% returns. Get his proven options strategy in a FREE webinar.—Register now – seats are limited!
On Monday, Citi's Jim Suva was the latest Wall Street analyst to become incrementally bullish on Apple's stock. In a research report, he argued that although Apple's stock is trading near its all-time highs it isn't necessarily too late to buy the stock.
See Also: What Do Tesla, Netflix And Disney Have In Common? There's Talk Apple Could Buy Any One Of Them
Suva argued that Apple's next leg of growth will come from the upcoming iPhone 8 super-cycle and longer-term prospects in new markets such as India. These two headwinds alone will drive Apple's sales and earnings per share and support an expansion in the valuation multiple of Apple's stock.
Suva continued that Apple's stock is currently trading at a 14.5x multiple or 12.5x multiple when removing its massive cash hoard. By comparison, the market as a whole is trading at an 18x multiple, which implies Apple's stock could see a sustainable multiple expansion over time.
Shares of Apple were maintained with a Buy rating with a price target boosted to $160 from a previous $140.
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.