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.
RadioShack Corporation's (NYSE: RSH) possible demise could give a slight boost to Best Buy Co Inc (NYSE: BBY), an analyst said Monday.
Deutsche Bank's Michael Baker said a complete RadioShack liquidation would improve Best Buy's same-store sales by 1 percent and add $0.11 a share to annual earnings.
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About 11.5 percent, or $341 million, of RadioShack's sales would flow to Best Buy, which currently has a 23 percent share in the market for consumer electronics, according to Baker who reiterated a Buy on Best Buy.
Analysts on average expect Best Buy to post 2015 earnings of $2.30 a share on sales of $41.21 billion.
A number of analysts have recently slashed their RadioShack target prices to zero in the belief that the company will soon file for bankruptcy in a move likely to wipe out shareholders.
But RadioShack's Chief Executive Joseph Magnacca told investors last week that the company is in "advanced discussions with a number of parties" for a financial rescue package.
On Monday, RadioShack said its Chief Financial Officer John Feray resigned for "personal reasons." The company named Holly F. Etlin interim CFO.
Best Buy traded up 1 percent to $34.01 a share during Monday's session. RadioShack was up 14 percent to $1.06.
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.