UPDATE: Auriga Lowers Price Target on Esterline Technologies to $75

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 Auriga, Esterline Technologies (NYSE: ESL) price target is lowered to $75.Auriga said that it is reducing its adjusted FY12 / FY13 estimates to $5.35 / $6.25 from its previous estimates of $5.75 / $6.40. “Given our price target still represents more than 40% upside, we reiterate our BUY rating.”Esterline Technologies closed yesterday at $52.79.

27% profit every 20 days?

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