UPDATE: Williams Initiates Pinnacle West Capital at Buy - Pinnacle West Capital (NYSE:PNW)

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.

Williams is out with its report today on Pinnacle West Capital (NYSE: PNW), initiating PNW at Buy.In a note to clients, Williams writes, "We initiate coverage on Pinnacle West Capital Corporation with a Buy investment rating and $48.00 target price on June 21, 2011 at a price of $44.17. In our view, PNW's 2013 valuation metrics represent the lower-end of the valuation range for electric utilities, an unwarranted discount. We remain encouraged by a number of important fundamental issues at Pinnacle West. Earnings and cash flow growth through 2013 appears considerable and more consistent than experienced in recent years."Shares of PNW closed Monday at $44.17

27% profits every 20 days?

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