Jefferies Initiates Wyndham Worldwide Coverage: Buy, $49 PT

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.

Jefferies initiated coverage on Wyndham Worldwide (NYSE: WYN) with a Buy rating and $49 price target in a research report published today.In the report, Jefferies states, "We believe WYN is a significantly undervalued stock in a market environment where valuation bears little relevance. However, we believe these conditions should change over time, with WYN being a primary beneficiary. We expectthe market view of timeshare to become more positive and the top line stable growth, cash generation and equity accretion should result in a more appropriately valued share price."Shares of Wyndham Worldwide closed at $33.26 today, down 0.56% from Monday's market close.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!