May 31, 2012 8:57 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.
Jefferies & Company has published a research report on The Talbots (NYSE: TLB) after the announcement that the company would be acquired by Sycamore Partners for $2.75/share.In the report, Jefferies writes, "This news had been anticipated for a long time now and we are relieved that TLB finally reached an agreement to be acquired. The company has been on a long and difficult journey over the past several years as it struggled to regain relevance with its customer base. While a successful turnaround has thus far eluded TLB (despite a variety of efforts by the management team), we think it will have a better chance of success as a private company away from the scrutiny and demands of public investors. As such, we view this acquisition as a positive development for the company."Jefferies maintains its Hold rating and $1.50 price target on The Talbots, which closed yesterday at $1.29.
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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