Jefferies & Company Reiterates Buy Rating, $55 PT on TRW Automotive Holdings

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 Monday, Jefferies & Company reiterated its Buy rating and $55.00 price target on TRW Automotive Holdings (NYSE: TRW).Jefferies noted, “On Monday before market open TRW announced a plan to repurchase up to $1 billion of stock over the next two years, beginning in 4Q:12. This translates to roughly 20% of the market cap. The unexpected timing of the news could be a positive development for ALV (EC antitrust settlement?) and the group overall (visibility into a bottom in the European cycle?).”TRW Automotive Holdings closed on Friday at $43.71.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!