UPDATE: Morgan Stanley Upgrades First Horizon National to Overweight on Clarity to GSE Putback Losses - First Horizon (NYSE:FHN)

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.

Morgan Stanley raises its rating on First Horizon National (NYSE: FHN) from Equal-weight to Overweight and increases its price target from $10 to $11. Morgan Stanley notes, "We are upgrading First Horizon to Overweight from Equal-weight. Its reserve build for probable future GSE putback losses, based on new information from Fannie Mae, removes one of the biggest overhangs on the stock: uncertainty. Shares look highly attractive at 8.8x our revised 2013 EPS."FHN closed at $7.91 on Monday.

27% profits every 20 days?

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