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.
Bernstein Research took a hard look at Michael Kors (NYSE: KORS) and the handbag/accessories category in a note published early Monday morning. Bernstein analyst Anne Windal took a survey regarding future purchase intentions and says here findings show "23% of respondents indicated they would spend more on the category in the next 12 months (vs. 18% in our March survey); 16% indicated they would spend less (vs. 20% in our March round)."
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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Windal says Coach (NYSE: COH) and Michael Kors both remain leaders in terms of future purchase intent with ~36 percent of Bernstein's Survey respondents indicating they are 'very likely' to purchase a handbag from either company.
Other takeaways from the note:
- KORS brand familiarity around 75 percent, Coach at 85 percent.
- 70 percent of respondents say last handbag purchase was under $200, 25 percent spent less than $50 and 5 percent spent over $500.
- Coach is most exposed to an outlet/off-price customer.