July 2, 2014 10:41 AM | 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
J.C. Penney Company (NYSE: JCP) jumped 4.4 percent following analysts optimism on second quarter results. Cleveland Research reported that they expect the company's second quarter sales trends to remain positive. The analyst highlighted that J.C. Penney's re-focus on private label apparel is helping to regain shares. ITG Research sees J.C. Penney's results for the current quarter to come in-line or ahead of consensus. ITG remarked that its first look into the second quarter shows trends tracking well and possibly coming in ahead of expected Comp. trends. The firm sees revenue coming in at $2.786 billion versus consensus of $2.78 billion. ITG expects Q2 same-store-sales to gain 6.2 percent versus consensus of 5.8% year-over-year. Shares of J.C. Penney closed at $9.07 on Tuesday. The stock jumped 4.4 percent following Wednesday's opening bell. Shares are currently trading up 3.31 percent.
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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