July 10, 2013 2:38 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.
Shares of Dicks Sporting Goods (NYSE: DKS) pushed into positive territory Wednesday afternoon despite some concern from Janney Capital's Eric Tracy in an earlier note. After trading unch or negative throughout the morning session, Dicks shares are now up 0.7 percent to $49.60.Tracy reduced his Q2, FY13 and FY14 estimates for the company, and subsequently lowered his price target from $59 to $57. His Q2, FY13 and FY14 EPS estimates moved from $0.75, $2.86 and $3.30 to $0.73, $2.84 and $3.26.Tracy cited recent channel checks which seem to suggest traffic could be harmed following a larger-than-normal level of promotion following mild weather and rain over the spring. The analyst maintains a Buy rating on Dicks shares.
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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