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.
Barclays research analyst Saket Kalia upgraded Symantec Corporation (NASDAQ:SYMC) to Overweight with a price target of $38.
Justification For Upgrade
The upgrade was based on three primary reasons:
- Symantec has become more competitive in the enterprise industry, which should allow for additional revenue growth. Kalia noted pairing stronger enterprise fundamentals with a higher subscription mix should provide Symantec with acceleration and growth into the fiscal year of 2019.
- Symantec does not need significant penetration into Norton’s subscriber base to realize revenue synergies from LifeLock. According to Kalia, “Norton’s 25 million subscriber base and upsell opportunity with LifeLock’s bundled pricing could move the needle for Consumer Security.” Additionally, he pointed out how even low penetration into this base could move the needle on a consumer growth profile that has been declining.
- Kalia believes Symantec can generate between $1.5 billion and $2 billion of free cash flow. He expects Symantec's 2017 Financial Analyst Day next week to shed more light on its free cash flow generation.
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Know When To Fold 'Em: Symantec Valuation Appears Full________Image Credit: By LPS.1 - Own work, CC0, via Wikimedia Commons27% 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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