UPDATE: Jefferies Lowers Price Target on City National to $41 - Cyngn (NASDAQ:CYN)

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.

According to Jefferies, City National (NYSE: CYN) Jefferies said that CYN's 3Q EPS missed consensus despite help from securities gains and accelerated accretable yield. “2012 consensus EPS ($3.76) looks aggressive to us (JEF 2012E is $2.90), but the market appears to be pricing this in as a 14x P/E multiple (historical avg.) yields a ~$3 EPS figure for '12.”City National closed on Friday at $39.45.

27% profit every 20 days?

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