October 10, 2014 8:33 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, Wunderlich Securities analyst Liam D. Burke reiterated a Buy rating and $140.00 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.
(NYSE: SNA).In the report, Wunderlich Securities noted, “Snap-on has a stated 4% to 6% annual year-over-year revenue growth target despite a product offering that is guaranteed for life. Snap-on has articulated four broad categories that will drive top-line growth including enhancing the van channel, growing critical industries, increasing sales in emerging markets, and selling more product to the shop manager and owner. Our quarterly Snap-on franchisee interviews reflect a solid business environment. Although it is not the fastest growing part of its business, it provides a consistent base of profit and cash flow. The responses in general see the competitive environment is benign. In addition, new products, particularly higher margin diagnostics, are selling well and in general business has increased year-over-year.”Snap-on closed on Thursday at $117.80.
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