March 13, 2013 12:20 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.
Piper Jaffray maintained Cache (NASDAQ: CACH) with a Neutral rating and raised the price target from $3.00 to $4.00.Piper Jaffray analyst Neely J.N. Tamminga noted, "New CEO Jay Margolis, a former CEO of Limited Brands' Apparel Group, outlined his strategic priorities, which include reducing time to market, moving towards a broader "lifestyle" assortment, and continuing to invest in the e-commerce channel. We are encouraged by these initiatives, which we would characterize as ambitious yet achievable. Regarding near-term results, it appears that Q1 gross margin will likely be under pressure given clearance inventory that was carried into the quarter from Q4."Cache closed at $3.86 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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