July 26, 2013 11:10 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.
Coach (NYSE: COH) shares are down more than 2 percent Friday morning, likely on the heels of a JP Morgan note in which the firm's Brian Tunick lowered his fiscal-year estimates ahead of the company's Q4 earnings, expected out on July 30th.Tunick now sees FY14 EPS of $3.90, down from $4.12 previously. The current Wall Street consensus sits at $4.12. Tunick noted the company was “highly likely” to guide below the Street consensus which is modeling for 10 percent EPS growth for the year.Tunick noted mixed expectations for same-store sales which range from a decline of 2 percent to a gain of 3 percent, a struggling Japanese market, and an increase in SG&A spending for the lowered estimates.Tunick said comparable sales below the 1-2 percent range could further damage the stock.The JP Morgan analyst maintains an Overweight rating and $60 price target on shares of Coach.
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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