Soaring Wing Prices Lead to Buffalo Wild Downgrade

by Benzinga Staff
March 16, 2012 1:36 PM | 24 seconds read | Make a Comment

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.

Sports bar chain Buffalo Wild Wings (NASDAQ: BWLD) dipped sharply Friday on an analyst downgrade over soaring wing prices. Wedbush Securities analyst Nick Setyan rates the chain "neutral," from "outperform," and estimated that the firm likely paid an average wholesale price of $2.04 per pound for those wings over the first quarter. Buffalo Wild's average quarterly price has been $1.39 a pound over the past five years. Shares slipped almost 2.4% midday to....

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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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