December 16, 2011 10:41 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.
Sterne Agee raised its rating on First Cash Financial Services (NYSE: FCFS) to Neutral from Underperform and increased its price target to $36 from $30 as shares move below price target, and the company announced share buybacks.Sterne Agee notes, "The stock is now selling below our price target and within the expected trading range of $30 to $36 per share. This range is based on valuing the company's 2012 pawn-based earnings at 12-15x. ...First Cash announced that its board of directors has authorized the repurchase of 1.5 million shares. We believe the announced buyback is a step in the right direction; the repurchases represent approximately 5% of the outstanding shares."FCFS closed at $35.23 per share on Thursday.
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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