UPDATE: J.P. Morgan raises PO on Priceline.com to $810

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 a research report this morning, J.P. Morgan raises its PO on Priceline.com (NASDAQ: PCLN) from $730 to $810 given a favorable travel industry and a positive outlook. J.P. Morgan explained, “Priceline shares have increased 57% YTD as the company continues to execute extremely well on early-stage growth opportunities and benefit from improving global travel trends. Priceline remains 1 of our top 2 picks in the Internet space in 2012 (along with Amazon) based on Booking.com's continued share gains in Europe along with newer growth drivers in APAC, LATAM, and the U.S.”Priceline.com closed Friday at $736.07 as J.P. Morgan reiterates its Overweight rating.

27% profit every 20 days?

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