December 11, 2012 7:33 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.
Goldman Sachs initiated coverage on Aeropostale (NYSE: ARO) with a Neutral rating and a $14 price target. Goldman Sachs noted, "ARO was a share beneficiary in 2008 when the economy was under pressure and consumers traded down to more value-oriented price points. Since then, continued competitive pressures have eroded ARO's value proposition, putting them in a difficult spot in our view. Teen retail one of the most competitive sectors amongst our coverage – 2011 proved to be extremely promotional in teen retail and while competitive pressures have abated somewhat in 2012, we still see potential long-term challenges as key competitors struggle to recover full-priced sales."Aeropostale closed at $13.76 on Monday.
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.