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.
Target Corp (NYSE:TGT) was featured as the call of the day Friday on CNBC's "Fast Money Halftime Report."
What Happened: Telsey Advisory Group analyst Joseph Feldman maintained Target with an Outperform rating and raised the price target from $265 to $305.
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Najarian's Take: Market Rebellion co-founder Pete Najarian said Target's nearly 50% gains year-to-date are a result of the company's partnerships and consistent investments in its business.
The company recently announced it plans to allocate $4 billion each year for store improvements, Najaraian said.
"They just seem to be doing everything right."
Related Link: Where Target Stands With Analysts
Target reported that it gained $9 billion in market share during its last earnings report, Najarian noted. The company is taking that market share from Walmart Inc (NYSE:WMT) and Amazon.com Inc (NASDAQ:AMZN).
"Because of that, this is a stock that is not done yet," Najarian told CNBC.
Target is scheduled to report its second-quarter financial results before the market opens on Aug. 18.
TGT Price Action: Target has traded as high as $153.65 and as low as $126.28 over a 52-week period.
At last check Friday, the stock was up 0.30% at $149.50.
Photo: courtesy of Target.
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.