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.
On Wednesday, Morgan Stanley analysts raised the price target on Lowe’s Companies, Inc. (NYSE: LOW) from $62 to $64 and maintained the Equal-weight rating following the company’s third-quarter results.
For the company’s Q3 2015 results, Lowe’s reported EPS and revenue above Street expectations and raised FY2014 EPS guidance.
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Simeon Gutman stated, “LOW’s Q3 EPS were in-line. Comps were stronger but GM contracted 10 bps. Still, the better comp and that EPS rose 25% YoY should trump the slight GM miss.”
In addition, the strong comparable store data points to the lowest comp spread between Lowe’s and Home Depot in four years. Gutman stated, “This bodes well for LOW as the housing recovery continues and suggests that recent sales and merchandising initiatives are paying of.”
Lastly, Gutman feels the company seems to be on track for at least high teens EPS growth to continue.
Shares of Lowe’s recently traded at $61.86, up 5.7 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.