December 2, 2011 9:49 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.
Stifel Nicolaus reiterates its Buy rating and $25 target on Barnes & Noble, Inc. (NYSE: BKS) as the company makes a move to transition into tech from traditional retailing.Stifel comments, “Nook investments are driving BKS' transition from a retailer to a tech company while BKS' core businesses (retail and college) are performing about as expected and do not appear to be falling off a cliff. We are also encouraged by BKS comments around strong BN.com 2Q11 comp, as well as strong Black Friday weekend performance across the company. Considering the above, we believe BKS presents a compelling buying opportunity at 5.5x EV/FY12 EBITDA (relative to 7-7.5x hardline retail range).”BKS closed at $15.16 per share on Thursday.
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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