December 21, 2011 8:15 PM | 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.
Women's apparel retailer Christopher & Banks (NYSE: CBK) reports fiscal third-quarter results before the bell on Thursday and the report is not expected to be good. Profit guidance has not been issued by the company because it's in the midst of finishing an asset impairment analysis. The company has forecast a 3% revenue increase to $123.9 million.Christopher & Banks said it expects margins for the quarter to be 21.3%-21.7% compared with 35.9% a year earlier. Last month, the company said it would shutter 100 stores and layoff 7% of its staff. The shares have fallen almost 60% this year and now languish at small-cap status trading at less than $2.40 with a market cap of $85.1 million.The dividend: Don't be enticed by that 10.2% yield you Yahoo Finance. Christopher & Banks said earlier this month it's suspending its dividend to safe cash. The dividend had not been raised since 2006. For real-time trading ideas try
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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