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.
Target Corporation (NYSE: TGT) posted better than expected fourth-quarter earnings on Wednesday. Earnings from continuing operations, excluding for one-time items, came at $1.50 per share , above analysts’ expectations of $1.43 to $1.50 per share.
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!
John Mulligan, Target CFO, was on CNBC post the result declaration to discuss the company’s results.
What Drove The Strong Results
“In the middle of January we said that we thought a 3 percent comp for the fourth-quarter, ended up today with reporting a 3.8 percent comp which was a pleasant surprise for us,” Mulligan said. “I think, what really drove that was several things, first we had a very, a great discount on gift-cards that we did over the Black Friday holiday and all of those gift-cards came back into the store in January.”
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
“ So, we [had to] bring all that sales back in January, we think the stores did a phenomenal job bouncing back from a very, very busy fourth-quarter or holiday season and bouncing back, getting the store ready with new product, having all that ready when people came back to the store.”
“And then third, we have talked about wellness, well-being one of being our key, category is going forward and of course that becomes very important in January as people look to start the New Year in a healthy way."
Lowering Shipping Threshold
When asked about how reducing the free shipping threshold is impacting Target, Mulligan replied, “We make investments in our business all the time and to me as we think about this, we thought about the free shipping in fourth-quarter, really one of the best investments we can make as we look at guests behaviour when we look at our guests who shop [at] our stores routinely.”
“If we can convert them and get them to shop online automatically we get more sales because they are shopping online, but [that] actually increases their engagement with us in the store as well so we have seen a significant in both sales and gross margin dollars of profitability from that guest.”
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.