November 11, 2013 11:12 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, Goldman Sachs analyst Tiffany Hagge initiated coverage 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: ANN) with a Sell rating and $29.00 price target.In the report, Goldman Sachs noted, “We are Sell rated on ANN, as our tactical framework suggests demand is not materializing to support increased inventory investment heading into 2H13. We see 18% downside to our 6-month price target of $29 vs. 6% upside for the rest of our coverage. We believe the need to clear excess inventory at a discount will result in significant gross margin pressure, and increased promotional activity QTD at both Ann Taylor and Loft brands supports this is beginning to play out.”Ann Taylor closed on Friday at $34.95.
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