October 14, 2013 9:14 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 Monday, Canaccord Genuity analyst Laura Champine 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: COH) from Buy to Hold, and lowered the price target from $65.00 to $62.00.In the report, Canaccord Genuity noted, “We expect Coach will report a U.S. (70% of total sales) SSS decline of 6% on top of +6% when it reports Q3 results in the next few weeks. Traffic trends appear to be deteriorating, and we believe Coach will be hard-pressed to maintain its leading 30% market share with the current product in stores. We expect fast-growing rival MIchael Kors will continue to gain ground. Consensus expects 30% top-line growth for KORS in F2014 versus our estimate for OCH at +3%. Given the limited near-term visibility, we are downgrading shares of Coach to HOLD from Buy.”Coach closed on Friday at $54.59.
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