June 20, 2014 7:41 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 Friday, D.A. Davidson & Co. analyst Andrew Burns 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: GIL), and raised the price target from $64.00 to $68.00.In the report, D.A. Davidson & Co. noted, “This morning, GIL announced it has signed a definitive agreement to acquire Doris Inc. for USD $101.4 million ($110.6 million, if all performance-based targets are hit). The acquisition, expected to close early July 2014, will be paid in cash and financed out of GIL's credit facility. The deal is expected to be accretive to FY15 earnings. Based on revenue and EBITDA of $87.6 million and $12.9 million, respectively, for the year ended March 31, 2014, the deal values Doris, Inc. at 1.2x EV/Sales (1.3x with performance payouts) and 7.9x EV/EBITDA (8.6x with performance payouts).”Gildan Activewear closed on Thursday at $57.41.
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