August 27, 2013 11:49 AM | 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.
Investors are bidding up shares of Select Comfort (NASDAQ: SCSS) Tuesday following an earlier upgrade from Longbow's Joshua Borstein. The stock last traded at $24.04, up 3.5 percent from Monday's closing price.The firm now rates Select Comfort with a Buy rating and $31 price target, up from a Neutral rating previously.Citing recent channel checks, Borstein noted, "sinceMemorial Day through July 4 and leading up to Labor Day, retailer optimism hasgradually increased, which we believe the recent ISPA data reflects (+6.1% mattresssales in July using a three month moving average)."Borstein next pointed to consumer spending which is being narrowed toward the Home segment. "The recovery in bedding sales isoccurring within a larger trend of consumer spending related to the home, a trendrecently manifest by results from HD and LOW. Going forward, we believe beddingwill benefit from the continued rotation of consumer spending toward the home."Longbow's new price target represents potential upside of about 29 percent from where the stock is trading Tuesday morning.
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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