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.
Foot Locker, Inc. (NYSE:FL) always reminds me of simpler times, such as scouring the local mall for the hottest pair of new sneakers while eating a jumbo pretzel from the food court.
Surprisingly, the company’s stock has been on a tear, trading up more than 90% in the last year.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Since August 2020, Foot Locker stock’s one-year return has outpaced tech giants Apple Inc (NASDAQ:AAPL), Netflix Inc (NASDAQ:NFLX), Amazon.com, Inc. (NASDAQ:AMZN), Tesla Inc (NASDAQ:TSLA), Microsoft Corporation (NASDAQ:MSFT), PayPal Holdings Inc (NASDAQ:PYPL) and Tesla Inc. (NASDAQ:TSLA).
Foot Locker now has more than 3,000 retail stores in 27 different countries across the world. The stock is currently trading around $53 a share as of Thursday.
Here’s how the returns break down from August 2020 to present:
Amazon is down from $3,260.48 a share to $3,219.20 for a loss of 1.26%
Netflix is up from $484.53 a share to $540.80 for a return of 11.61%
Apple is up from $115.71 a share to $146.47 for a return of 26.58%
Disney is up from $127.77 a share to $173.01 for a return of 35.44%
Microsoft is up from $209.70 a share to $292.82 for a return of 39.64%
Paypal is up from $192.44 a share to $269.75 for a return of 40.17%
Tesla is up from $375.71 a share to $676.89 for a return of 80.19%
And finally … Foot Locker is up from $27.50 a share to $53.39 for a return of 94.15%
Photo Credit: Bruce Emmerling via Pixabay
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.