UPDATE: D.A. Davidson Upgrades TCF Financial Corporation to Buy, Reiterates $17 PT on Potential For More Predictable Results

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, D.A. Davidson analyst Stephen Geyen upgraded the rating on

27% profit 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!

TCF Financial Corporation

(NYSE: TCB) from Neutral to Buy, and reiterated the $17.00 price target.In the report, D.A. Davidson noted, “Raising rating to BUY, Maintain $17 price target. We are raising our 2015 EPS estimate to $1.25 from $1.20 and establishing a 2016 EPS estimate of $1.36. The increase in our 2015 estimate is mostly from a lower loan loss provision expense. Our $17 price target is based on a 0.5-pt discounted to peer P/E multiple of 13.6x applied to current year estimates.”TCF Financial Corporation closed on Thursday at $14.74.