UPDATE: Goldman Sachs Upgrades Baker Hughes to Buy, Raises PT on Improving Market

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 Monday, Goldman Sachs analyst Waqar Syed upgraded the rating on

27% profit every 20 days?

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Baker Hughes

(NYSE: BHI) from Neutral to Buy, and raised the price target from $60.00 to $72.00.In the report, Goldman Sachs noted, “Given our price increase forecast for drilling rigs and PP, we add PTEN, the second largest land driller and premier Marcellus/Permian pressure pumper, to the CL. HAL – the leading US pressure pumper – is already on the CL. We upgrade BHI to Buy, as an improving PP market should help it reach margin targets.”Baker Hughes closed on Friday at $61.80.