May 9, 2012 10:38 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 this morning, Benchmark upgrades Fossil (NASDAQ: FOSL) from Hold to Buy rating and lowers the PT from $130 to $100 following the Skagen acquisition. Benchmark stated, “The Company lowered 2012 guidance by $0.17, or 3%, excluding Skagen, on softness in Europe and a poor response to Jewelry, and the shares dropped dramatically, down 37.6%. Guidance, including Skagen but excluding the acquisition fees, actually increased $0.05. We believe this is a Company that is led by a talented management team, has a strong balance sheet, expected free cash flow of $100 million, and growth vehicles from Skagen and emerging markets.”Fossil closed yesterday at $78.52.
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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