UPDATE: DA Davidson Raises Target to $7 on CoBiz Financial

27% profits every 20 days?

This is what Nic Chahine averages with his options 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.

DA Davidson reiterates its Neutral rating on CoBiz Financial (NASDAQ: COBZ) and raises its price target on shares to $7 on a good credit quarter and fee income spike that drove EPS. DA Davidson notes, "COBZ reported 4Q11 EPS of $0.57, including a $15.6 million ($0.42) DTA reversal, for core EPS of $0.15. Core EPS beat the DADCO and Street mean estimate of $0.12. The investment banking segment recorded $5.4 million of revenue in 4Q, 75% of its full-year revenue of $7.2 million. Including investment banking, COBZ's operating revenue increased 23% sequentially, excluding the segment operating revenue was 5%."COBZ closed at $6.23 a share on Friday.

27% profits every 20 days?

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