January 13, 2012 7:45 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.
Citigroup reiterates its Sell rating on Gildan Activewear (NYSE: GIL) as as it is concerned on screenprint price wars over the next years. PT is raised to $16 from $15. Citigroup notes, "Given the industry's overcapacity and Fruit of the Loom's (FoL) aggressive pricing, we believe a potential price war could break out in screenprint. We also believe GIL may have to devalue additional inventory in 2012, putting pressure on EPS. Finally, we are not confident in GIL's ability to fix retail and use it as its next growth driver. As a result, we are lowering our 2012 EPS estimate to $1.12, vs. $1.17 previously, and well below consensus of $1.49 and mgmt. guid. of $1.30. We also believe 2013 EPS of $2+ is a stretched given the capacity and pricing issues (we're at $1.83 vs. street $2.20)."GIL closed at $21.50 per share on Thursday.
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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