UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Legg Mason Following Management Team Meetings

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 analyst Daniel T. Fannon reiterated a Hold rating on Legg Mason (NYSE: LM), and raised the price target from $30.00 to $36.00.In the report, Jefferies noted, “Last week we spent several days with the mgmt. team of Legg Mason. Flow trends appear poised for short-term improvement given positive momentum at ClearBridge, Western and Brandywine. Additional margin expansion appears limited in the near term; however, the cash flow profile remains solid and will continue to support an active buyback program.”Legg Mason closed on Tuesday at $35.91.

27% profit every 20 days?

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