September 7, 2012 11:58 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.
In a report published Friday, Wedbush Securities reiterated its Outperform rating on Mattress Firm (NASDAQ: MFRM), but lowered its price target from $38.00 to $36.00.Wedbush noted, “The company's basic growth strategy has not changed with opportunities in new and existing markets, as well as opportunistic acquisitions, such as Mattress X-Press. Increased strong relative market share is resulting in increased profitability. We are slightly reducing our price target to $36 (from $38), which assumes that MFRM should trade at approximately 16x (previously 17.5x) our revised 2013 EPS estimate of $2.25 - a discount to our projected 25% longer-term earnings growth rate, given near-term uneven performance yet we expect 2013 to show more balanced growth as recent acquisitions are absorbed.”Mattress Firm closed on Thursday at $32.45.
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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