May 25, 2011 7:18 AM | 1 min read
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.
Piper Jaffray remains confident in the Guess (NYSE: GES) brand relevance and long-term growth potential in Europe “following our recent store visits and meetings with industry contacts in France.”“We believe Guess has meaningful opportunities to expand market share, even in mature markets, as a result of a diversified assortment of product categories and a multi-channel business model,” Piper Jaffray writes. “We are maintaining our estimates and Overweight rating ahead of FQ1 earnings scheduled for release this evening as we anticipate a second half recovery driven by gradually improving North American retail operations, European margin recovery, and growth in Asia.”Piper Jaffray is also reiterating its $48 PT on Guess, which closed Tuesday at $39.13.
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.
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