UPDATE: Canaccord Genuity Upgrades Cyberonics to Buy on Strong Fundamentals

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.

Canaccord Genuity raised its rating on Cyberonics (NASDAQ: CYBX) from Hold to Buy and increased its price target from $34 to $56.Canaccord Genuity said, "We are upgrading Cyberonics to BUY from Hold as our previous concerns about the impact of a competitive drug entering the market and a slowdown in replacement sales have not played out to our pessimistic expectations. Furthermore, the company continues to execute from both a sales and product development standpoint. Lastly we believe a change in reimbursement to coverage for treatment- resistant depression by CMS could provide significant upside to expectations and the stock price."Cyberonics closed at $46.36 on Tuesday.

27% profits every 20 days?

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