UPDATE: Benchmark Raises PT to $10.50 on The E.W. Scripps Company - E W Scripps (NASDAQ:SSP)

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.

Benchmark reiterates its Hold rating on The E.W. Scripps Company (NYSE: SSP) and raises its price target by 50 cents to $10.50 following strong Q4, although 2012 guidance is conservative. Benchmark says, "2012 could be a strong year for Scripps. Including the McGraw Hill acquisition, net revenue is projected to grow by 18.5% y/y to $863 million. Excluding the MHP stations, TV revenue is projected to grow by 15% y/y, while Publishing revenue could fall by 4% y/y. Adjusted EBITDA could be up 171% y/y to $104 million. EPS could be $0.74."SSP closed at $9.64 a share yesterday.

27% profit every 20 days?

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