November 8, 2013 8:46 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, Goldman Sachs analyst Stephen Grambling 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.
(NASDAQ: WFM) from Buy to Neutral, and lowered the price target from $66.00 to $57.00.In the report, Goldman Sachs noted, “We are downgrading WFM to Neutral from Buy following F4Q results. While we still view WFM as a secular winner with continued opportunity for store growth and margin expansion, we are lowering our comp estimate to reflect the softer top-line trajectory relative to broader industry trends. Furthermore, with shares still trading at 34X our downwardly revised but above guidance NTM EPS estimate, we believe a Neutral rating is warranted and would look for a better entry point, all else being equal. Since adding WFM to the Buy List on 11/20/12, the shares are +23% vs. the S&P 500 +26%. Shares traded down 11% November 7 following 4Q results.”Whole Foods Market closed on Thursday at $57.26.
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