December 1, 2010 8:03 AM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Piper Jaffray maintains its estimates on Lowe's Companies (NYSE: LOW) after attending LOW's Analyst and Investor Conference the past two days.In its report to clients, Piper Jaffray writes, "At this point, we are maintaining our F10 and F11 EPS estimates of $1.42 and $1.65. We are not increasing our F11 buyback estimate which we are assuming 40M shares repurchased at an average price of $24 per share. Again, this is likely to prove conservative given LOW's desire to spend ~$3.6B annually through 2015 on share repurchases. For F11, we continue to estimate +1.5% comp, 30bps of EBIT expansion and 40M shares repurchased. Our F11 EPS estimate of $1.65 represents 16% y/y growth over our F10 EPS estimate of $1.42."LOW closed Tuesday at $22.70.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.