May 2, 2012 8:34 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.
According to a research report published this morning, D.A. Davidson has upgraded Wolverine World Wide (NYSE: WWW) from Neutral to Buy, and raised PT from $42 to $50.In the report, D.A. Davidson commented, "Wolverine, Blum Capital Partners, and Golden Gate Capital agreed to buy Collective Brands Inc. (PSS – $21.16) for $2.0 billion. Upon closing this transaction in 3Q/early 4Q, Wolverine will acquire Collective Brand's wholesale and retail operations for the Sperry, Stride Rite, Saucony, and Keds brands (collectively known as PLG) for $1.23 billion, which values the portfolio at 10x 2012 EV/EBITDA based on Collective Brand's 2012 EBITDA forecast. The deal is expected to close in late 3Q, early 4Q. The deal is expected to be accretive by $0.25-$0.40 in 2013 and $0.50-$0.70 in 2014 (excluding integration costs)."Wolverine World Wide closed yesterday at $40.10.
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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