UPDATE: Jefferies Assumes Starbucks Coverage with Buy, $50 PT - Starbucks (NASDAQ:SBUX)

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 assumes coverage of Starbucks (NASDAQ: SBUX) with a Buy rating and $50 target price as it expects the company to continue stable growth story. Jefferies says, “We find SBUX attractive for its global growth potential, strong relative EPS prospects, improved operations, management, and predictability in the business. We are encouraged that these trends are sustainable and that the current valuation does not fully reflect this strong brand and its increasing CPG and international presence, which could help drive growth and a higher multiple over time.”SBUX closed at $43.96 per share on Monday.

27% profit every 20 days?

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