March 22, 2013 12:00 PM | 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.
In a report published Friday, Credit Suisse analyst Christian Buss reiterated a Neutral rating on Nike (NYSE: NKE), and raised the price target from $51.00 to $60.00.In the report, Buss noted, “Nike delivered solid results across a number of key areas, suggesting that a return to the target model for high single digit top-line growth and teens EPS growth is underway. We are incrementally more positive on the longer-term earnings growth opportunities and are raising estimates and target price accordingly. Valuation remains a modest holdback. Nike North America revenue growth of 18.6% (constant currency) and futures growth of 11% were both ahead of our expectations and consensus and highlights the strength of the Nike brand in the region. Overall industry data suggested a meaningful deceleration in athletic footwear trends (66% of Nike N.A. revenue), Nike was able to deliver 15% growth, an acceleration from 13% growth in the prior quarter, suggesting substantial market share gains.”Nike closed on Thursday at $53.60.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.