March 29, 2011 7:48 AM | 1 min read |
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.
FBR Capital Markets has published a research report on Broadcom Corporation (NASDAQ: BRCM) after the company reported in-line 1Q revenues.In the report, FBR Capital writes "Recent checks suggest Broadcom's 1Q revenues are tracking slightly above its revenue guidance midpoint of $1.8B (–7.5% QOQ) as some weakness in smartphone production (at Samsung and LG), some optical/networking choppiness, and seasonally lower shipments of consumer and smartphone devices more than fully offset sequential revenue goodness from Apple. For 2Q11, Broadcom could grow revenues 5% QOQ, in line with the Street. Broadcom's 1H11 business is unlikely to upside investor expectations, with some concerns about Nokia unit share losses shrinking the Broadcom baseband opportunity, increasing competition for connectivity chips (from Qualcomm, Mediatek, TI and Marvell), and optical/networking choppiness all weighing on shares."FBR Capital Markets maintains its Outperform rating and $49 price target.Broadcom Corporation closed yesterday at $40.57.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.