UPDATE: Jefferies Initiates Edgen Group with Buy, $17 PT on Margin Upside

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.

Jefferies initiates its coverage on Edgen Group (NYSE: EDG) with a Buy rating and a price target of $17 a share. Jefferies comments, "We expect the capital spending in Oil & Gas to last a couple more years and benefit for EDG's businesses. Combined with expected margin expansion, we see strong EBITDA and EPS growth in 2012-13. We consider EDG's valuation compelling. Jefferies acted as a joint bookrunner for EDG's initial public stock offering completed on 4/30/12."EDG closed at $7.49 on Tuesday.

27% profits every 20 days?

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