April 15, 2011 1:50 PM | 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.
Gabelli & Co. has a Buy rating on shares of Gannett Co., Inc. (NYSE: GCI), as it previews the company's earnings, which are set to be released on Monday.In a note to clients, Gabelli writes, "On Monday, Gannett will kick off first quarter earnings season for traditional media companies. Our point estimate is $0.40 versus $0.48 a year ago and consensus of $0.41. Common themes likely to come up include, tough 1Q comps from the absence of political and Olympic advertising, an unfavorable Super Bowl shift for many companies, the late Easter holiday and adverse weather. Trading at less than 5x 2011E EBITDA, GCI is a good value. We calculate a 2011 PMV of $27 per share and see that rising to $34 next year."Shares of GCI are up 26 cents today to $14.73, a gain of 1.8%.
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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