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 Thursday, Canaccord Genuity analyst Laura Champine reiterated a Hold rating on Family Dollar (NYSE: FDO), but lowered the price target from $63.00 to $58.00.
In the report, Canaccord Genuity noted, “FDO's Q3 EPS of $1.05 was $0.02 ahead of our estimate and consensus, primarily due to items below the EBIT line. We are lowering our Q4 EPS estimate by one penny to $0.84 on a 200bps reduction to our SSS estimate to +2% on top of +5.4%. We expect sales to remain sluggish within the discretionary categories (28% of total sales YTD) in Q4 as FDO's core lower-income customer continues to rein in these purchases. The company guided for Q4 EPS of $0.82-$0.87, and prior consensus was $0.85. The better-than-expected Q3 result pushes our FY13 EPS estimate $0.02 higher to $3.79, versus consensus of $3.77. We remain on the sidelines with shares trading at 17x our updated CY2013 EPS estimate and 9x CY2013E EV/EBITDA.”
Family Dollar closed on Wednesday at $68.50.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!