Why Mallinckrodt's Stock Is Trading Higher Today


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.


Mallinckrodt (NYSE:MNK) shares are trading higher on Wednesday.

The company announced it received clearance from Health Canada to start on a pilot trial of high dose inhaled nitric oxide therapy for coronavirus infection and associated lung complications.

Mallinckrodt is a manufacturer of specialty pharmaceuticals, generic drugs and imaging agents.

Mallinckrodt's stock was trading up 16% to $2.30 per share in Wednesday’s pre-market session. The stock has a 52-week high of $23.90 and a 52-week low of $1.

Related Links:

Mallinckrodt Plummets On Report Of Possible Generics Business Bankruptcy

Mallinckrodt To Sell BioVectra To HIG Capital For $250M


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.


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