Why MacroGenics Is Moving Today


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.


MacroGenics Inc (NASDAQ:MGNX) shares are moving on Friday.

The company announced the FDA has granted Orphan Drug Designation to Margetuximab in the U.S. for gastric cancer.

Macrogenics is a biotechnology company focused on discovering and developing antibody-based therapeutics for the treatment of cancer. The company's strategy includes leveraging partnerships with a therapeutic focus geared toward developing a broad portfolio of pipeline candidates.

MacroGenics's stock was trading up 0.20% at $20.52 on Friday. The stock has a 52-week high of $29.50 and a 52-week low of $4.04.

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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.


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Posted In: NewsFDAwhy it's moving