January 9, 2015 10:08 AM | 1 min read |
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 Friday, Wunderlich Securities analyst Robert M. Derrington reiterated a Hold rating and $8.00 price target 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.
(NYSE: RT).In the report, Wunderlich Securities noted, “Yesterday afternoon, Ruby Tuesday reported Q2FY15 (Nov.) EPS from ops. ex-items of -$0.15 vs. our -$0.13 and the Street -$0.14 estimates, and vs. -$0.43 last year. The loss reflected weaker SSS (down 1%) and a 5% decrease in revenues impacted by 42 store closures in the last 12 months. Despite its weaker sales leverage, the company managed to improve restaurant margin (ex-D&A) by 113 bps to 13.6% (though below our 14.9%), reflecting some cost savings including more efficient marketing expenditures. As a result of the recent weaker and volatile operating trends, management lowered its SSS guidance for FY15 to -1% to +1% vs. prior guidance of +1% to +2%.”Ruby Tuesday closed on Thursday at $7.10.
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