March 13, 2015 7:58 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, D.A. Davidson analyst Andrew Burns reiterated a Neutral rating 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.
(NASDAQ: ZUMZ), but lowered the price target from $44.00 to $42.00.In the report, D.A. Davidson noted, "Zumiez reported revenue and EPS of $258.6 million and $0.80 ($0.60 GAAP), compared to consensus at $257.6 million and $0.79, and our estimates of $257.8 million and $0.80. 4Q guidance (which was raised in January) called for a 7% comp, revenue of $255-$256 million, and adjusted EPS of $0.77- $0.79 (excluding $0.02 in acquisition charges). North American sales were up 13.4% y/y, while European sales surged 19.2% to $27.9 million (11% of total sales). Gross margin of 37.8% was up 53bp year-over-year (y/y), primarily driven by improved product margin. Adjusted SG&A grew 12.9% y/y to $59.6 million, representing 23.0% of sales (vs. 23.3% in 4Q13). Inventory was up 7.7% exiting the quarter."Zumiez Inc. closed on Thursday at $39.96.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.