June 5, 2013 5:14 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 on Wednesday, analysts at Sterne Agee initiated coverage on
JC Penney (NYSE: JCP) with a Buy rating and $23.00 price target. In the report, lead analyst Charles Grom commented that, "With bankruptcy off the table and new CEO Mike Ullman calling the shots, we think the table is set for a two-step trade in JCP. The first will come as the JCP team tells a new story, focusing on “where it's going” not “where's it's been,” washing the slate clean. The second will come as JCP pulls out its old playbook – i.e., promotions, coupons, focus on private brands – while leveraging some of the in- store/product improvements/enhancements made by the former team."JC Penney closed on Wednesday at $18.16.
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.
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