August 13, 2010 11:15 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.
Wendy's/Arby's Group, Inc. (NYSE: WEN) reported Wendy's in-line with 2Q estimates from JP Morgan, as comps were reported to be down 1.7% vs. down 0.5%, and margins of 16.4% vs. 15.9% last year (JP Morgan estimated 16.4%) were very strong given 90bp of commodity pressure and negative comp trends.Arby's continues to decline in sales, amounting to ~20% for FY2010. Margins have not been devastated to the degree comps would suggest, with 2Q being down only 150bp to 13.4% over one year ago. Store closures have not been an issue, but investors must watch for possible acceleration in comp trends over the next 12 months. JP Morgan maintains its Neutral rating for Wendy's/Arby's Group, Inc., which closed yesterday at $4.14.
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.
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