September 23, 2014 11:17 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 Tuesday, J.P. Morgan analyst Christopher Horvers reiterated a Neutral rating and $65.00 price target 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.
(NASDAQ: BBBY).In the report, J.P. Morgan noted, “Following BBBY's announcement that the company is planning a $1.1B ASR funded with debt (following a previously announced new $2.0B buyback authorization), we are adjusting our estimates. As a result our 2014 EPS estimate goes to $5.09 from $4.97 and our 2015 EPS estimate goes to $5.75 from $5.49. Our price target remains at $65 which is based on ~11x our 2015 estimate and at a slight discount to its current FY1 P/E valuation.”Bed Bath & Beyond closed on Monday at $63.69.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.