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.
"It's easy to win when Nike decides to forfeit the game," Cramer said.
With the absence of industry titans like Nike, Callaway was able to boost its market share in the golf space at a time when the sport is in fact "doing better than many people thought it would be." Also, Callaway did diversify its business away from its core golf equipment business and acquired a golf accessory company OGIO and a sportswear company called TravisMathew.
Meanwhile, owning Dick's as an exposure to the golf sector has been and continues to be a poor idea.
"I did make a mistake in my stock selection — I should've stuck with just Callaway as the best way to get some golf exposure and left awful Dick's Sporting Goods out of it," Cramer also said. "I got it wrong. For now, I think Callaway could have some upside long term, but I'd wait for it to come down before I'd pull the trigger."
Related Links:Callaway Is The Top Golf Brand In The World, But Has Room To GrowNew Golf Company Stands To Benefit Most From Nike Golf's Departure27% 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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