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.
In anticipation of Kroger Co (NYSE: KR)'s Q3 report on Thursday, BMO Capital Markets analyst Kelly Bania maintains a Market Perform rating and a $35 price target for the food retailer, while slightly adjusting her thesis.
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The analyst downgraded the stock in August to address the accelerating food deflation. Although Bania anticipates the deflation turning around following October’s trough and deceleration is likely, the increased volume Wal-Mart Stores, Inc. (NYSE: WMT) has gained may be a headwind for Kroger and other food retailers.
“We believe the competitive dynamics from industry-leader WMT may be shifting,” said Bania. “This analysis suggests that Wal-Mart’s implied grocery volumes have accelerated in the past few quarters.”
At time of writing, shares of Kroger were trading down by more than 1 percent at $33.28.
Image Credit: By mcsquishee [CC BY 2.0], via Wikimedia Commons
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.