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.
CNBC's Pete Najarian has been a shareholder of Walt Disney Co (NYSE:DIS) and like many other long-term bulls, he has been adding to his position over the years.
During Wednesday's "Fast Money Halftime Report" segment, Najarian explained why he hasn't been a seller of the stock, especially at a time when some Wall Street analysts were throwing in the towel.
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Najarian argued Disney is a "cash-flowing machine" characterized by its "incredible content" and not the declining subscriber base at its ESPN unit.
"No, it's not all about ESPN," he said. "Even if they are struggling, there are other areas of Disney that are doing extremely well."
Najarian went on to point that Disney generates enough cash flow to not only finance its dividends, but also its stock buyback program. As such, the company remains in "very, very solid shape" and supports the stock moving higher.
Nike's 'Mojo' Is Back
Jim Lebenthal was next to give his take on a stock pick: Nike Inc (NYSE:NKE).
According to Lebenthal, Nike is getting its "mojo" back despite a poor earnings report that consisted of a "low quality" earnings beat and "not great" guidance. However, after falling around 7 percent in one day, he found the stock trading at an attractive level.
"It bounced right off of that bad news, it's got its 'mojo' back," he said. "Nothing hurts 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.