February 5, 2013 8:16 AM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Citigroup upgraded Macys (NYSE: M) from Neutral to Buy and raised the price target from $38.00 to $46.00.Citigroup said, "We are upgrading Macy's to Buy from Neutral as we believe the company is positioned for accelerating comp growth in 2013. Macy's should be the beneficiary of a stronger housing market, and we see four catalysts for 2013, including: 1) the potential for double-digit sales growth in home (16% of sales mix in 2012E vs. 15% in 2011), 2) another year of 40% online sales growth, 3) Macy's Millennial focus gains traction and brings in a new customer, and 4) RFID benefits gross margins in 2H13. Macy's is our favorite department store stock for 2013."Macys closed at $38.72 on Monday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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