April 12, 2013 9:14 AM | 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 Friday, J.P. Morgan analyst Brian J. Tunick reiterated a Neutral rating on Ross Stores (NASDAQ: ROST), and raised the price target from $60.00 to $67.00.In the report, Tunick noted, “The strong inventory availability for off-pricers and demand from a ‘trade down' customer has supported comp growth throughout the recession and into the recovery, and the improving systems and commitment to aggressively drive down inventory per foot had a major benefit on the merchandise margin line. By reducing average instore inventory by 40% since '08 and comping 5-6% the past three years, margins have inflected to all-time highs.”Ross Stores closed on Thursday at $63.80.
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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