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.
The acquisition will grow Dick's presence in youth sports technology, and the Affinity Sports will work under the Dick's Team Sports HQ platform.
"Although this segment represents a small part of DKS, we believe it can have larger implications for the rest of the business. By becoming more involved in sports management technology, DKS should contribute to the growth in youth team sports, which should increase demand and help support sales growth," analyst Matthew McClintock wrote in a note.
Moreover, the analyst said the Affinity Sports acquisition provides valuable consumer information amid current disruptive environment that the team sports business faces due to the liquidations from TSA and Sports Chalet.
"Furthermore, negative impacts from rapid shifts in consumer preferences in the sporting goods industry could potentially be mitigated with more consumer information as DKS should have greater insight into demand," McClintock added.
McClintock has an Equal-Weight rating on Dick's with a price target of $50.
At time of writing, shares of DKS were down 0.80 percent to $58.37.
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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.
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