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.
The new Target Corporation (NYSE: TGT) “Chairman and CEO Brian Cornell is poised to make one of the biggest decisions of his professional career: whether to pull his new employer completely out of Canada, where it currently has 133 stores,” according to Belus Capital Advisors' Brian Sozzi.
On the company’s third quarter conference call in November, Cornell commented: "We know that to succeed in Canada we will need a major step change in performance, and the fact is, given where we are performing today, we need to see improved financial performance from every Target store in Canada over time."
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Sozzi explained that “the decision on whether to completely leave Canada by unloading stores or vacating the worst-performing spots will be made after Target threw the kitchen sink at righting the ship this past holiday season.
"According to Target," Sozzi added, "of the 70,000 items offered for sale in one of its Canadian stores, roughly 30,000 items were new for the holiday season. Target added more exclusive items and designer partnerships to boost what it calls ‘newness’."
Target Canada’s future may become more clear on the company's fourth quarter earnings call, which is scheduled for February 25.
Target Corporation recently traded at $75.10, down 1.07 percent.
Image credit: Mike Mozart, Flickr
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.