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.
- FedEx Corporation's (NYSE:FDX) price target was lowered to $346 (implying an upside of 33.82%) from $366, with an Overweight rating maintained on the stock by JPMorgan analyst Brian Ossenbeck.
- Ossenbeck recommends staying on the sidelines into the FedEx fiscal Q1 earnings release on September 21. He says that while the significant underperformance of shares versus the S&P 500 Index and peer UPS (NYSE:UPS) since late May combined with negative sentiment is "ingredients for a relief rally," he does not see a clear catalyst until fiscal Q3.
- Additionally, at that point, the peak season surcharges will be in full effect just as costs related to the holiday surge flatten out, the analyst wrote.
- Price Action: FDX shares closed lower by 0.69% at $259.22 on Thursday.
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.
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!