April 5, 2012 8:51 AM | 1 min read |
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.
According to a research report published earlier today, Piper Jaffray has increased Zumiez's (NASDAQ: ZUMZ) PT from $29 to $34.In the report, Piper Jaffray commented, “On the heels of a better-than-expected March same-store sales report in which the company reported a 14.1% comp above our 8%-10% estimate we are raising our Q1 EPS estimate from $0.09 to $0.10. Our FY13 EPS moves up from $1.44 to $1.46, reflecting 21% EPS growth and an op margin of 11.3% (new peak). While the stock has outperformed the group as a result of continued comp strength which has contributed to the Street's bullish earnings power expectations, we believe that shares are fairly valued. ZUMZ shares are trading at 25x our upwardly revised FY13 estimate ahead of our forecasted 21% Y/Y EPS growth.”Piper Jaffray maintains its Neutral rating on Zumiez, which closed yesterday at $36.95.
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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