March 20, 2015 10:04 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, Deutsche Bank analyst Mike Baker reiterated a Buy rating on
Michaels Companies Inc. (NASDAQ: MIK), and raised the price target from $30.00 to $32.00.In the report, Deutsche Bank noted, "First, near term trends are being impacted by currency, west coast port issues and weather. These are having nearly a $0.02 impact to 1Q and are the difference between the guidance and consensus. Second, we think MIK has several opportunities in areas like merchandising and store refreshes and remodels, to continue to drive sales and margins, even from the current 14% level. Third, we think that the latest results and 2015 guidance put MIK squarely in line with our long term earnings growth view, which would make MIK undervalued relative to other retailers. Our price target goes to $32 from $30 and we maintain our Buy rating."Michaels Companies Inc. closed on Thursday at $29.42.
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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