Analyst Screws Down Fastenal Stock On Valuation


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.


Fastenal (FAST) retreated Tuesday after William Blair downgraded the nuts, bolts and tool seller to market perform from outperform, citing valuation concerns and recent insider selling. Shares, which have been climbing for months and are trading near all-time highs, closed down 2.3% Tuesday at 53.37. "Although Fastenal should continue to generate strong earnings growth, we believe high expectations are already baked into the stock," analyst Ryan

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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Posted In: Trading Ideas