July 22, 2011 8:03 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.
Piper Jaffray is out with its report today on Crocs (NASDAQ: CROX), raising its PT from $28 to $36.In a note to clients, Piper Jaffray writes, "A review of best selling styles on Crocs' domestic website indicates the mix of new styles steadily increased during the spring/summer selling season and a similar analysis using the company's European websites points to comparable results in international markets. As such, we are raising our FQ2 estimate from $0.43 to $0.45 and our FY11 estimate from $1.10 to $1.14. We are also raising our price target from $28 to $36 based on 25x FY12E EPS as we believe Crocs has a multi-year opportunity to grow EPS at or above an annual rate of 25%."Piper Jaffray maintains Overweight on CROX.Shares of CROX closed Thursday at $26.92, down 1.72% from Wednesday's close.
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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