UPDATE: Piper Jaffray Reiterates Overweight Rating, Raises PT on Whole Foods Market

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.

In a report published Friday, Piper Jaffray & Co. reiterated its Overweight rating on Whole Foods Market (NASDAQ: WFM), and slightly raised its price target from $109.00 to $110.00.Piper Jaffray noted, “We are updating our WFM model to more accurately reflect the 52 week FY13 calendar. As a result, we now expect FY13 EPS of $2.90 and are increasing our price target to $110 from $109 to reflect our higher EBITDA estimate (16x FY13 EV/EBITDA is unchanged). Of note, management expects 16%-17% earnings growth in FY13 which is still slightly greater than our revised estimate.”Whole Foods Market closed on Thursday at $97.04.

27% profit every 20 days?

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