UPDATE: Jefferies Upgrades PG&E Corporation to Buy on Valuation, Capitalization Outlook - PG&E (NYSE:PCG)

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.

Jefferies upgraded PG&E Corporation (NYSE: PCG) from Hold to Buy and maintained a $45.00 price target. Jefferies noted, "We are upgrading PG&E Corp. to Buy from Hold because we believe the stock will trade at a regulated group average P/E multiple once the San Bruno proceedings are resolved in mid-2013. We believe our estimates reflect a conservative assumption relative to the outcome from these proceedings as well as significant equity issuances to fund future capital spending."PG&E Corporation closed at $40.67 on Tuesday.

27% profit every 20 days?

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