December 19, 2011 9:22 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.
In a research note, Piper Jaffray maintains its Overweight rating on Abercrombie & Fitch (NYSE: ANF) as it sees Asia to be the next growth driver for the company as it visited its stores in the continent. Piper Jaffray says, "With this trip marking our first visit to a Hollister Asia store, we have analyzed a sample pricing basket of goods and found that our average basket in RMB carried a 95% premium relative to comparable items in the US. We continue to believe that higher pricing and superior premium 4-wall economics favor longer-term margin gains. While Greater China is the newest market for Hollister, management recently indicated that the HK Hollister is on pace to generate sales of ~$10M, greater than the $8.2M/door we have assumed for international Hollister doors and vs. the ~$3M in new domestic doors."ANF closed at $46.57 per share on Friday.
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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