UPDATE: Jefferies Maintains Hold, Raises PT to $54 on CNH Global

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 reiterates its Hold rating on CNH Global (NYSEL CNH) and raises its price target to $54 from $41 as it remains bullish on Machinery. Jefferies says, "Machinery stocks were up 8% relative to the S&P 500 in 4Q and 5% so far in 2012. Even so much our coverage universe remains 15-20% below mid-cycle valuation levels. Industry/company specific data points continue to support our expectations for growth in key end markets. We continue to be bullish on the machinery space."CNH closed at $41.99 per share on Thursday.

27% profit every 20 days?

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