UPDATE: Jefferies Assumes Coverage on Cepheid, Downgrades to Hold, Reiterates $38 PT on Valuation

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 Friday, Jefferies analyst Brandon Couillard assumed coverage on

27% profit every 20 days?

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Cepheid

(NASDAQ: CPHD), downgraded the rating from Buy to Hold, but reiterated the $38.00 price target.In the report, Jefferies noted, “CPHD is well-positioned to realize significant margin expansion over the coming years as it leverages investments in its R&D pipeline, launches new high-margined tests and captures greater manufacturing efficiencies. However, present valuations (+20% vs. historical avg) already appear to reflect bullish growth expectations, in our view. Assuming coverage at Hold / $38 target.”Cepheid closed on Thursday at $36.62.