June 17, 2011 7:54 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.
Deutsche Bank has raised its price target on Kroger (NYSE: KR) from $27 to $28 after the company reported a solid Q1. Deutsche Bank maintains a Buy rating on the stock.In the report, Deutsche Bank writes, “Kroger reported a very solid Q1, with EPS beating Consensus by $0.06, driven by stronger-than-expected ID sales, ex-fuel. Food inflation continues to get passed through, with little evidence of any meaningful shifts in buying behavior. Strong growth in traffic and tonnage continues, as KR's value and convenience drive share gains. Buybacks accelerated in Q1 and could drive EPS upside. We believe KR is well-positioned to grow sales and EPS in the current uncertain consumer environment. Valuation remains attractive; Reiterate Buy.”KR closed at $23.99 yesterday.
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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