February 20, 2015 8:43 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, Wedbush Securities analyst Nick Setyan reiterated an Outperform rating on
Fiesta Restaurant Group Inc (NASDAQ: FRGI), and raised the price target from $68.00 to $82.00.In the report, Wedbush Securities noted, "Continue to see upside to current 2015 expectations. QTD Q1 SSS growth of 8.6% at PT and 4.1% at TC were ahead of 5.3% and 3.5% consensus, respectively. 2015 Pollo SSS growth guidance of +MSD (vs. 5.2% cons.), and Taco guidance of +LSD (vs. 2.6% cons.) were reiterated. 2015 unit growth was also upped by 2 to 28-32 co-owned openings. We continue to believe that the 53rd week in 2015, in addition to >4% menu price increases at Pollo and 2.5% at Taco, are enough to offset any incremental inflationary pressure from commodities and healthcare, and should result in meaningful leverage at both the unit level and on G&A. We also believe that cost opportunities remain, and expect Pollo comp outperformance above MSD driven by a number of throughput initiatives, menu changes/introductions of TX learnings into Florida, and Florida Pollo remodels."Fiesta Restaurant Group closed on Thursday at $66.99.
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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