October 1, 2013 10:25 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.
In a report published Tuesday, Goldman Sachs analyst Taposh Bari downgraded the rating on
Finish Line (NASDAQ: FINL) from Neutral to Sell, but raised the price target from $20.00 to $22.00.In the report, Goldman Sachs noted, “FINL's 2Q earnings, while above consensus, did not quell broader concerns we raised on August 8 when we downgraded FL to Neutral and lowered estimates on FINL. These include 1) broader US athletic footwear distribution, 2) slower sell-through beyond a handful of marquee styles, and 3) execution risk around an aggressive and potentially cannibalistic Macy's shop-in-shop roll out. With FINL's P/E now at a 2 1/2 year high and a 24% premium to FL, we downgrade FINL shares to Sell from Neutral and see 12% downside risk to our revised $22, 12-month price target. This compares to an average 5% upside for the rest of our coverage group.”Finish Line closed on Monday at $24.87.
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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