UPDATE: KeyBanc Downgrades Lumber Liquidators to Hold on Balanced Risk/Reward


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.


KeyBanc reduces its rating on Lumber Liduidators (NYSE: LL) from Buy to Hold and suspends its previous $29 price target on shares. KeyBanc notes, "Over the last several years, we have remained bulls on the underlying business, management team, and growth opportunity; however, with the stock up 94.9% year-to-date (vs. 8.6% increase in the S&P 500) and valuation essentially at all-time highs (at a P/E of 27x 2012 and 22x 2013), we now believe the risk/reward is more balanced. We do see upside to consensus estimates for the 2Q; normally we would maintain or reiterate our BUY rating under such circumstance, but given the stock appreciation and current valuation, we believe a more careful approach is warranted."LL closed at $34.42 on Monday.

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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Posted In: Analyst ColorDowngradesPrice TargetIntraday UpdateAnalyst RatingsConsumer DiscretionaryHome Improvement RetailKeyBanc