June 14, 2012 9:51 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.
In a report published earlier today, Benchmark reiterated a Buy rating for The Pantry (NASDAQ: PTRY) and a price target of $20.Benchmark comments, “We are raising our 3Q12 EPS estimate by $0.14 to $0.59, from $0.45. If this environment continues through September, it could also produce upside to Q4. On the increase of our 3Q12 EPS estimate, our FY12 EPS estimate increased to $0.58, flowing through only the benefit in Q3. Our FY13 EPS remained $1.10. We believe over the next couple years, The Pantry could improve its store base, which could lead to years of revenue growth. We maintained our price target of $20.00, on 6.5x our 2013 EBITDA estimate.”PTRY closed at $13.05 on Wednesday.
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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