August 23, 2013 11:48 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.
In a report published Friday, Imperial Capital analyst Lee J. Giordano downgraded the rating on
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.
(NYSE: ARO) from Outperform to In-Line, and lowered the price target from $17.00 to $10.00.In the report, Imperial Capital noted, “We are downgrading our rating to In-Line from Outperform and reducing our one-year price target to $10 from $17 following 2Q13 results. While we had previously been patient in our expectations for a turnaround in the business, we are now increasingly concerned that improvements could be further delayed given the highly promotional environment for teen retail which could limit upside in the shares in the intermediate term. Management's guidance for 3Q was well below our expectations and comp trends have deteriorated further in August with weak traffic trends leaving us increasingly uncertain about the timing of a potential turnaround. We continue to believe the company is better positioned from a fashion merchandise perspective and has the potential to improve its sales and margins longer term, however, the path ahead will likely prove challenging and would recommend taking a wait-and-see approach to the shares.”Aeropostale closed on Thursday at $10.98.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.