December 22, 2014 10:12 AM | 1 min read |
According to Morry Brown of Wedbush,
Foot Locker, Inc.
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: FL) has seen elevated traffic levels in December following new shoe releases.“Recent interviews with managers at core Foot Locker stores indicate holiday sales in December were off to a strong start aided by a string of strong new releases, and popularity of basketball and running footwear for gift items,” Brown wrote in a note over the weekend. The analyst adds that accessories and socks were also popular sellers this year although demand for men's apparel was “lacking.”Brown observed strong traffic levels at stores through the first three weeks of December despite low clearance levels and an absence of heavily advertised promotional activities. The analyst also observed that
Nike Inc (NYSE: NKE) Fleeced and Jordan Fleece were “selling through” but private-label Fleece offered at buy-one-get-one free were “noted as over-inventoried.”
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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