June 28, 2012 12:02 PM | 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.
Benchmark reiterates its Buy rating on Perry Ellis International (NASDAQ: PERY) and raises its price target from $22 to $26. Benchmark notes, "While we do not expect Perry Ellis to report 2Q13 until mid-August and its quarter does not end until the end of July, we believe new and improved Rafaella and Perry Ellis product is beginning to show up in stores. We believe there could be upside potential in the back half of FY13 from turning around the Rafaella and Perry Ellis lines, along with the current momentum in dresses and golf combined with product cost reductions from cheaper cotton. While we maintain our earnings estimates, we increased our price target on a slightly higher multiple, given our greater conviction in a turnaround in operations." PERY closed at $20.99 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.