April 8, 2013 1:25 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.
In a report published Monday, Gilford Securities analyst Bernard Sosnick reiterated a Buy rating on Destination XL Group (NASDAQ: DXLG).In the report, Sosnick noted, “A marginal retailer of men's big and tall apparel may turn into an attractively profitable growth company. This developing situation has above-average risk and significant appreciation potential. The company plans to close its 297 Casual Male stores averaging 3,600 sq. ft. and, in three years, to have 215-230 Destination XL stores of roughly 8,000 sq. ft. Average transactions at 48 existing Destination XL stores are 35%-40% greater than in Casual Male stores.”Destination XL Group closed on Friday at $5.20.
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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