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.
Since reaching its year-to-date high at $64.13 on February 8, Ubiquiti Networks Inc. (NASDAQ:UBNT) has traded down 22 percent, and the Vetr community has downgraded the stock from 4.5 to 4 stars.
The highlight of Ubiquiti’s big drop off was a poor second-quarter earnings report on February 9 that sent the company down 16 percent across two days.
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See how crowdsourced ratings can help predict the market?
Vetr members have given Ubiquiti a Buy rating and a $55.50 price target. This price target is higher than the $42.60 price target from Wall Street analysts. The company opened Friday around $50.
Of all Vetr raters, 60 percent believe traders and investors should sell Ubiquiti stock.
For Vetr’s full analysis of Ubiquiti, go here.
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.