November 14, 2012 2:15 PM | 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.
Oppenheimer reiterated its Outperform rating on Abercrombie & Fitch (NYSE: ANF) and raised its price target from $40 to $52. Oppenheimer noted, "ANF's 3Q EPS of $0.87 topped Opco/consensus 0.61/$0.60E and $0.57 LY. Revenue growth/comps of 9%/(3.0)% significantly bettered 3%/(10)% expectations. We're also encouraged by controlled inventories (down 10% excl. in-transit) and anticipate eventighter controls in 4Q. ANF raised full-year EPS guidance to $2.85-$3.00 from $2.50-$2.75, which we believe could ultimately prove conservative. Raising our 4QE, FY12E and FY13E EPS to $1.92/$3.01/$3.80 from $1.70/$2.53/$3.16. … ANF remains one of the most compelling longer-term opportunities within specialty retail."Abercrombie & Fitch closed at $31.18 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.
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