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.
Deflationary wing prices could provide a nice cushion for restaurant chain Buffalo Wild Wings (NASDAQ: BWLD) earnings in the second half of the year.
Last week marked the eighth consecutive week of falling wing prices, at levels 7–8 percent lower than year-ago prices, sitting around $1.46.
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BMO Capital Markets remains cautious regarding Buffalo Wild Wings' Q2 results; however, a recent analyst note sees potential for the second half of the fiscal year, and its "outlook could be vastly improved" due to favorable wing prices and new sales driven initiatives.
"3Q16 wing prices continue to track better than our and consensus expectations, with visibility into more than one month of BWLD's 3Q16 wing costs (8–9 percent underlying wing price deflation)," said BMO analyst Andrew Strelzik.
BMO Capital Markets maintains an outperform rating for Buffalo Wild Wings and is considered a "Top 15 Small Cap Stock Selection."
Did you like this article? Could it have been improved? Please email feedback@benzinga.com to let us know!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.