August 2, 2012 9:11 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.
Piper Jaffray reiterated an Overweight rating on American Eagle (NYSE: AEO) and raised its price target from $24 to $25.Piper Jaffray wrote, “We are reiterating our OW rating and raising our estimates on AEO following a strong Q2 sales report in which the company posted a 9% comp-store sales gain--well ahead of our 5% estimate. In tandem with the company's report, management raised earnings guidance from $0.13-$0.15 to $0.19 to $0.21 and we are upwardly revising our estimates. The current top-line momentum, the bottoms-driven fashion cycle, operating margin recovery prospects, improvements in inventory management as well as the new additions to leadership support our constructive Overweight thesis.”American Eagle closed at $20.33 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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