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.
Athletic footwear stocks may come under pressure as Janney cited adverse SportScan data, according to Bloomberg.
According to the report, athletic footwear sales fell in week ended November 1 by 6.5 percent year-over-year. This compares to a 20.6 percent increase in the previous year.
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The SportScan data indicated that sales declined in basketball footwear at -9.5 percent versus +50.4 percent last year.
Declines in athletic apparel came in at -4.1 percent versus +26.4 percent in the previous year.
Nike Inc (NYSE: NKE) saw total footwear come in at -2.5 percent for the period versus Under Armour Inc (NYSE: UA) footwear at +35 percent. The sales decline also hit Adidas AG ADR (OTC: ADDYY) at -41 percent, according to the report.
As of Wednesday morning, only Under Armour stock was under pressure, trading at $64.04, down 1.1 percent.
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.