December 10, 2013 3:46 PM | 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.
Shares of Starbucks (NASDAQ: SBUX) are getting clobbered Tuesday afternoon following some concerning comments from analyst Steve West at ITG Investment Research. The stock last traded down nearly 3 percent to $77.45.West noted, "Coming off two very strong quarters, our proprietary dataindicates the chain's momentum may have slowed this quarter." The ITG analyst specifically focused on upside momentum with Starbucks' Americas segment. West is currently modeling for first-quarter same-store sales within the America's segment to be up about 5-6 percent. The analyst consensus estimate for Starbucks' quarterly comps is sitting around 7 percent. Starbucks shares hit an intraday low at $76.68, marking a more than 3.8 percent decline from Monday's closing price. Shares of Starbucks had not been down so sharply since all the way back in October of 2012.
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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