Credit Suisse Defending Apple, Has $500 Price Target (AAPL)


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.


So much for the downgrade of Apple (NASDAQ: AAPL), eh?

Credit Suisse is initiating coverage on Apple with a Wall Street high price target of $500, almost 60% higher than where shares currently trade.

The company makes the point that Apple trades at below 9 times earnings, excluding cash, and is very inexpensive given the potential for 46% growth.

The stock is up $5.69 in pre-market trading to $335.70‎, a gain of 1.72%‎.


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.


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Posted In: Analyst ColorLong IdeasPrice TargetInitiationAnalyst RatingsTrading IdeasCredit Suisse