UPDATE: Credit Suisse Downgrades Safeway to Underperform on New Rating Methodology

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.

Credit Suisse lowered its rating on Safeway (NYSE: SWY) from Neutral to Underperform with a reiterated $15 price target. Credit Suisse commented, "This change reflects our less positive view on SWY relative to other stocks we cover. We continue to be concerned about SWY's competitive position in an industry with weakening fundamentals. Along with this change we are reducing our target price to $15 from $18 to better reflect the company's challenging outlook and risk around 2H12 estimates."Safeway closed at $16.10 on Monday.

27% profit every 20 days?

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