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.
- Morgan Stanley analyst Alex Straton reiterated an Underweight rating on the shares of Gap Inc (NYSE:GPS) and raised the price target slightly to $8 from $7.50.
- The analyst highlighted that Gap’s Q2 EPS came in slightly better-than-expected against lowered guidance, but fundamentals remain underwhelming.
- Straton added that the company withdrew FY22 guidance, suggesting visibility at an all-time low and leaving the market to its own devices on potential outcomes.
- She sees an opportunity for air freight and broader supply chain tailwinds in 2H22.
- Falling store traffic, eCommerce disintermediation, declining brand health, apparel price deflation, and falling margins are Straton’s concerns for Gap’s growth going forward.
- Price Action: GPS shares are trading lower by 1.55% at $9.85 on the last check Friday.
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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