UPDATE: Jefferies Reiterates Buy Rating, Lowers PT on Orbital Sciences Corporation

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.

In a report published Friday, Jefferies & Company reiterated its Buy rating on Orbital Sciences Corporation (NYSE: ORB), but lowered its price target from $22.00 to $19.00.Jefferies noted, “Orbital's results showed progress in a challenging market. We believe innovation and performance will help Orbital navigate through the difficult spending environment. While there could be some casualties from austerity such as NASA's GEM program, there are a great number of opportunities across the business.”Orbital Sciences Corporation closed on Thursday at $13.19.

27% profits every 20 days?

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