UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on CapitalSource

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 Wednesday, Jefferies & Company reiterated its Buy rating on CapitalSource (NYSE: CSE), and slightly raised its price target from $8.50 to $9.00.Jefferies noted, “CSE reported EPS of $0.14 vs. JEFe of $0.15, and $0.01 higher than the Street. Excluding the impact of one-time charges/reversals, CSE's $0.14 print was up $0.03 Y/Y, but down $0.03 Q/Q. The slight miss to our estimate was driven by lower-than-expected NII ($89.6M JEFe vs. $86.7M actual) offset largely by better-than-expected operating expenses.”CapitalSource closed on Tuesday at $7.73.

27% profit 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!