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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"We recognize ANF shares have pulled back meaningfully to-date but we have little conviction in significant upside potential given uncertainty surrounding deleverage in the core operating model, a challenged domestic brand position, and diminishing returns on capital investments."Later in the week, J.P. Morgan reiterated its Neutral rating on Abercrombie, and lowered its price target from $38 to $30.In the report, J.P. Morgan noted that the company has lost more than 30 percent of its domestic sales productivity from peak 2007 levels.
"The domestic landscape appears to be showing signs of improving with more normalizing inventories, however, competition between AEO, ARO and others including fast fashion retailers such as H&M and Forever 21 remains. We believe the company will continue to work on regaining productivity domestically through closures of underperforming stores (management noted that the top 250 stores are at comparable margins to the international stores)."The TakeawayAbercrombie has enjoyed double-digit revenue growth year-over-year (YOY) across the past four quarter, with a decline in net income in the past two quarters. The majority of analysts covering the company recommend Holding the stock, although nine analysts give the stock a Buy or Strong Buy rating.Shares of Abercrombie were down more than 34 percent year-to-date (YTD) at Friday market closing levels, and were down more than 31 percent in the past three months. The company has a price-to-earnings (P/E) ratio of 27.13 and offers a dividend of $0.17.
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.