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.
It seems like almost everyone was surprised by Nike Inc (NYSE: NKE)’s earnings, reported on Thursday afternoon. Even the most bullish estimates pointed to earnings below $0.90 per share, but they finally came in at $0.98 per share, up 25 percent year-over-year.
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The research firm points out three key factors to consider in relation to Nike (and its financial results):
- 1. Strength across most categories: Even amid FX headwinds and some inventory overhang, the strength bodes well for fiscal 2016 (the fiscal year that just started for the company). The analysts are especially encouraged by ongoing robustness in running, basketball and sportswear segments.
- 2. Geographic results were also impressive: North America, Europe and China displayed particular sturdiness in sales, operating income and EBIT margins. “Additionally, Mexico inventories are cleaner and we expect supply/demand in Brazil to stabilize soon,” the firm added.
- 3. Jefferies continues to see margin and sales upside opportunities: Particularly in women’s, apparel and DTC. “Ongoing ASP growth through innovation, coupled with increasing mix shifts toward higher-margin DTC and apparel provide a GM tailwind,” the experts expounded.
Shares of Nike are up more than 4 percent on Friday trading.
Image Credit: Public Domain
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.