UPDATE: Credit Suisse Initiates Exelis at Neutral on 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.

Credit Suisse initiated coverage on Exelis (NYSE: XLS) with a Neutral rating and a $12 price target. Credit Suisse noted, "While we view XLS' 24% peer discount on '13 P/E as extreme, there are headwinds that could keep shares range-bound, including a likely cash restructuring that plays out in '13. Additionally, the revenue/EPS drop is worse for XLS in '13 than peers. That said, XLS could see sales bottom before some with less war exposure (~'14), and given the discount, may invite interest in a few quarters as others begin to see greater pressure."Exelis closed at $11.72 on Monday.

27% profit every 20 days?

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