UPDATE: Stifel Nicolaus Initiates St. Jude Medical at Hold on Near-Term Headwinds

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.

Stifel Nicolaus initiated coverage on St. Jude Medical (NYSE: STJ) with a Hold rating. Stifel Nicolaus said, "We are initiating coverage of St. Jude Medical Inc.(STJ) with a Hold rating on the shares. With top-line growth slowing andlingering uncertainties about the impact of the Riata/Durata ICD leadcontroversy resolution, a possible FDA Warning Letter, and no visible significant near-term positive catalyst, we are inclined to remain on the sidelines, pending greater visibility on these issues."St. Jude Medical closed at $35.03 on Monday.

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!