November 14, 2012 8:00 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.
ISI Group reiterated its Buy rating on Michael Kors Holdings (NYSE: KORS) and raised its price target from $60 to $70. ISI Group commented, "Given the stock's muted reaction to stellar 2Q results and a bullish intra-quarter update (“business is very strong everywhere in the US, Canada, Europe, and Japan”), we would be aggressive buyers of KORS today as the company continues to outpace expectations on virtually every metric, and looks poised to capitalize on strong consumer spending this holiday. We continue to believe the brand is in the midst of a powerful and lucrative transformation from fashion designer to authentic global lifestyle brand, and it is precisely during such evolutions when shareholders are most rewarded for taking risk investing in this type of “brandsformation” stock."Michael Kors Holdings closed at $51.01 on Tuesday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.