March 27, 2013 11:54 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.
In a report published Wednesday, Morgan Stanley analyst Mark Wiltamuth reiterated an Overweight rating on Target Corporation (NYSE: TGT), and raised the price target from $69.00 to $75.00.In the report, Wiltamuth noted, “Yesterday's presentation by Tony Fisher, Target Canada President, affirmed that the Canada rollout is on track to hit 124 stores in its first year (prompting us to raise from our more cautious assumption of 75). Enthusiasm over the Canada openings could keep shares moving near-term. We see a robust 2014 (EPS up 23%) as Canada profitability kicks in: We estimate that Target Canada could be approaching run-rate break-even by 4Q13 and solidly profitable in 2014 (we estimate $0.31 in EPS). We believe this shift from -$0.45 of EPS drag in 2013 to profit drives outsized EPS growth for Target in 2014.”Target Corporation closed on Tuesday at $68.61.
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.