October 29, 2010 8:18 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.
Citigroup has published a research report on Jarden Corporation (NYSE: JAH) after solid 3Q results and an encouraging look forward to 2011.In the report, Citigroup writes "Despite tough 4Q comps, JAH expressed comfort w/exceeding the high-end of ‘10 organic sales growth tgt of +3-5%, given strong organic growth in the first 3 qtrs of this year (+6%) & solid retail takeaway trends. JAH noted POS for its in-season businesses were up 5-10% during 3Q, and while its still early, the winter sports season is already off to a strong start & retailers have been increasing inventory slightly w/in JAH's categories. Given that freight container pricing pressure is likely to persist a bit in 4Q, we are tweaking our est. by 2c to 80c. We feel JAH's stock is attractive if it can meet ests over next few Q's."Citigroup maintains its Buy rating and $46 price target.Jarden Corporation closed yesterday at $32.51.
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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