May 23, 2014 12:01 PM | 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.
Following the release of its first quarter 2014 earnings on Thursday, analysts begin to give their opinion on Gap, Inc. (NYSE: GPS). Shares of Gap began Friday's session with a few sharp moves before stabilizing just under the open.Company CEO, Glen Murphy commented,"After a disappointing start, I'm pleased with how the business performed toward the end of the quarter, especially at Old Navy."Analysts appear to be mirroring Murphy's sentiment as Topeka Capital Markets reiterated its Buy rating and Stated, "We came away from the 1Q call with more confidence that Gap can get back on track to do better this year." The Topeka analysts continued by expressing that, although Gap has been a "laggard" in the beginning months, they believe that the roll out of its global assortment in August combined with a new marketing campaign will allow Gap to "get its glow back".Adding to this optimism, Barclays analyst maintained a Overweight rating and expect Gap to post modest positive overall comps and incremental revenue continuing through 2014.In a contrasting view, Nomura has maintained its Neutral position citing "ongoing challenging compares".
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.