UPDATE: Bank of America Reiterates Buy Rating, Raises PT on Bankrate as Insurance Quality Initiative is Paying Off - Global X Funds Global X Interest Rate Hedge ETF (ARCA:RATE)

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 Friday, Bank of America analyst Joyce Tran reiterated a Buy rating on Bankrate (NYSE: RATE), and raised the price target from $20.00 to $22.00.In the report, Bank of America noted, “Bankrate is an investment on an ongoing financial markets improvement and the migration of advertising and lead generation dollars online. We think Bankrate should trade at a premium to the lead generation and SMID cap. advertising sector due to its strong market position (supported by higher margins) and high returns on capital.”Bankrate closed on Friday at $17.40.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!