February 10, 2015 9:33 AM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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 Tuesday, Bank of America analyst Lorraine Hutchinson downgraded the rating on
27% profits every 20 days?
This is what Nic Chahine averages with his options 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: ANF) from Neutral to Underperform, and lowered the price target from $30.00 to $20.00.In the report, Bank of America noted, "We are downgrading to Underperform as we expect Street earnings expectations to fall dramatically. Our new F2015 EPS estimate of $1.20 is 35% below consensus. The 30% reduction in our estimate is due to currency and our expectation that a shrinking price gap will cause international margins to drop precipitously. Our $20 Price Objective represents a 17x P/E on our new F2015 estimates."Abercrombie & Fitch Co. closed on Monday at $24.11.
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