UPDATE: Jefferies Upgrades Baker Hughes to Buy on Greater Confidence, Upside Potential

27% profits every 20 days?

This is what Nic Chahine averages with his options 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 Brad Handler upgraded the rating on Baker Hughes (NYSE: BHI) from Hold to Buy, and raised the price target from $48.00 to $54.00.In the report, Jefferies noted, “We upgrade BHI to Buy from Hold and raise our PT to $54 from $48 to reflect greater confidence in (1) near- and medium-term revenue and margins in U.S. pressure pumping, driven in part by more 24-hour operations and (2) 2H13 margin and medium-term revenue confidence in the Eastern Hemisphere. Our thesis dovetails with our large cap service preference within the group.”Baker Hughes closed on Tuesday at $45.42.

27% profits every 20 days?

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