May 26, 2011 8:20 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.
Bank of America removed its investment opinion on 99¢ Only Stores (NYSE: NDN). In a research report published today, Bank of America states, "We have removed the investment opinion on the company's stock. Investors should no longer rely on our previous opinions or price objectives."At the same time, Bank of America maintained its earnings per share estimates on the company. The report states, "Following 4Q results that were inline with our expectations, we are maintaining our estimates. Our calendar 2011 EPS estimate is $1.15, based on 2% comps, and 2012 is $1.28. Our 1Q EPS estimate of $0.26 is based on 1% same-store sales. We believe that same-store sales improvement will be offset by product margin pressure through the year. However, we believe that NDN will continue to improve operating profits through efforts to reduce expenses, particularly at the store-level."On Wednesday, NDN added 0.84% to its value to close the day at $20.37.
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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