June 11, 2012 10:35 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.
In a report published earlier today, J.P. Morgan & Co. reiterated its Overweight rating for The J.M. Smucker Company (NYSE: SJM), but lowered its price target from $90.00 to $84.00.J.P. Morgan went on to say “Coffee historically has been a relatively rational category, with players only discounting sporadically. Now, however, the premium category (Dunkin', Starbucks, etc.) has been promotional longer than we expected, and SJM seemingly is seeing competitors act less than rationally at all tiers. The company even is seeing retailers dropping prices on private label coffee to below the price of manufacturer brands in order to drive traffic, a trend that is never helpful to companies like SJM. This has always been a key the risk in such a high margin category, that eventually players will price down to gain volume; unfortunately this trend seems to be picking up speed.”The J.M. Smucker Company closed on Friday at $76.09.
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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