UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Sirona Dental Systems

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 Monday, Jefferies & Company reiterated its Buy rating on Sirona Dental Systems (NASDAQ: SIRO), and raised its price target from $57.00 to $71.00.Jefferies noted, “The reality that SIRO sells discretionary capital equipment & bears >30% direct exposure to Europe clearly wasn't evident in its 4Q12 core revenue growth (+23% vs. our +8%) and initial FY13 outlook, which trumped already bullish expectations. We are raising our FY13 and FY14 EPS forecasts to $3.40 (from $3.25) and $3.70 (from $3.40), respectively. Our PT moves to $71 (from $57) on higher cash flow forecasts.”Sirona Dental Systems closed on Friday at $61.39.

27% profit every 20 days?

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