Shares of Staples, Inc. (NASDAQ: SPLS) are roughly 11 percent since the beginning of the year, and more than 28 percent from their February lows. Following such a runup, the Vetr community seems to believe there is no room left for upside, given its $10.53 average price target on the stock – shares closed at $10.50 on Friday.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
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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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.
On Friday, top raters at the Vetr community decided to upgrade their rating on shares of Staples from 2.5 Stars to 3.0 Stars -- out of a possible 5.0 Stars rating, to better reflect a Hold recommendation. However, it should be noted that 57 percent of the crowd's ratings are now bearish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.