UPDATE: Bank of America Merrill Lynch Reiterates Buy Rating, Raises PT on Vail Resorts - Vail Resorts (NYSE:MTN)

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 Wednesday, Bank of America Merrill Lynch reiterated its Buy rating on Vail Resorts (NYSE: MTN), and raised its price target from $57.00 to $65.00.BofA Merrill Lynch noted, “We believe MTN shares are undervalued after its business model has been tested through both the financial crisis and a very weak snow year in FY2012. Despite snowfall down -51% last year, EBITDA only fell -2% as MTN continues to exert pricing power in season passes, at the window, and on ancillary items. We think earnings volatility is lower going versus historical levels, and we believe both earnings and the multiple should benefit.”Vail Resorts closed on Tuesday at $57.07.

27% profits every 20 days?

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