February 24, 2014 8:53 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, Nomura analyst Simeon Siegel reiterated a Buy 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: SIG), and raised the price target from $85.00 to $115.00.In the report, Nomura noted, “SIG's acquisition of ZLC propels the company to an even greater position of dominance within the low- to mid-tier market. In this report, we outline our pro forma EPS expectations, digging into EBIT & NOL benefits & the ensuing interest expense. Despite questions regarding store-saturation, the deal should drive meaningful accretion ($10+ of EPS in 3rd year post merger) and as such, reit our Buy rating despite the meaningful run (shares are +34% over the past 6 months vs the S&P500 +9%).”Signet Jewelers Ltd. closed on Friday at $94.34.
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