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 on Tuesday, Bank of America analyst Ken Hoexter raised the price objective on Fedex (NYSE: FDX) from $115 to $120 and maintained a Buy rating on the company.
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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In the report, Bank of America stated that, "FedEx accelerated the retirement of 10 aircraft in its Express network as of May 31, and plans to complete the final retirement of its 20 B727-200 fleet on July 1. We believe this is a significant positive step for FedEx, as the company is focused on pulling out costs amid a lackluster demand environment, and as the transition to Economy airfreight (from Priority) continues. These shifts show the company is not afraid to take bold moves to rightsize its network, which we believe is under- appreciated by investors. While not specifically noted, we view this move as part of its broader $1.7 billion profit improvement plan, which should drive Express operating margins closer to its double-digit goal. We reiterate our Buy on FDX shares and raise our price objective to $120 from $115."
Fedex closed on Monday at $97.70