January 11, 2013 11:15 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, Piper Jaffray & Co. downgraded its rating on Aeropostale (NYSE: ARO) from Overweight to Neutral, and lowered its price target from $15.00 to $13.00.Piper Jaffray noted, “Amid further deceleration in underlying business trends, we are heavily conflicted in our view. Near-term revenue stability is lacking and execution risk remains. We think shares will continue to trade at depressed levels until investors can rule out concern that persistent topline inconsistencies are not a brand equity issue. We may be downgrading shares at their low point, but we have limited conviction that shares will outperform until the company is able to deliver consistent quarter to quarter sales and margin improvement. Holiday sales declined 9%, well below expectations and the industry average rate lending to further estimate reductions. Our price target moves from $15 to $13 based on 13x our FY14E EPS.”Aeropostale closed on Thursday at $13.24.
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.