December 12, 2011 10:36 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.
Goldman Sachs reiterates its Neutral rating and $31 target price on CarMax (NYSE: KMX) as web analysis points to late-quarter sales pick-up. Goldman says, “The number of unique visitors to the carmax.com website showed sharp improvement in November, rising 17.0% yoy vs. +1.9% in October and -1.3% in September. Our new analysis of the relationship between internet traffic and same-store retail used unit sales finds a tighter relationship for KMX than for other hardlines retailers, as car consumers intensively research these big ticket purchases online. For all of F3Q, traffic averaged +5.3%, vs. -5.7% in F2Q, a sequential tailwind to yoy comps vs. F2Q, when same-store units tracked -2% yoy.”KMX closed at $31.15 per share on Friday.
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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