UPDATE: JP Morgan Raises PT to $75 on Travelers on Raised Q3 Estimates - Travelers Companies (NYSE:TRV)

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.

JP Morgan reiterated its Neutral rating on Travelers (NYSE: TRV) and raised its price target from $62 to $75. JP Morgan said, "We are updating our EPS estimates for Travelers to reflect a number of factors. Specifically, we are raising our 2012 FY EPS estimate by $0.37 to $6.35 to reflect an upward revision to 3Q EPS estimate ($1.49 from $1.13) due to lower than average catastrophe loss experience (we now estimate $90.0 million pretax losses versus $296.7 million previously) and modestly stronger alternatives. In addition, we have raised our average repurchase price assumption, resulting in a slightly higher share count."Travelers closed at $68.26 on Friday.

27% profits every 20 days?

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