UPDATE: Morgan Stanley Initiates Coverage on Smart & Final Stores with Equal-Weight Rating, $14.50 PT on Multiple Growth Drivers


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 Monday, Morgan Stanley analyst Vincent J. Sinisi initiated coverage 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.


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Smart & Final Stores (NYSE: SFS) with an Equal-Weight rating and $14.50 price target.In the report, Morgan Stanley noted, “Smart & Final provides customers with value and convenience through its no membership fee, small-box stores with both club and regular size items. All eyes are on Smart & Final Extra!, where planned store expansion provides the company's biggest opportunity and biggest risk. Additional initiatives including store remodels, increase in private label, and expansion of the Cash & Carry banner provide incremental growth opportunities. Valuation leaves little room for multiple expansion in base case, so overall value depends on the ability to grow EBITDA and earnings, primarily through new stores.”Smart & Final Stores closed on Friday at $14.75.
Posted In: Analyst ColorInitiationAnalyst RatingsMorgan StanleyVincent J. Sinisi