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.
Fulgent Genetics (NASDAQ:FLGT) shares spiked nearly 10% in the after-hours session Wednesday, as the company said it would supply COVID-19 testing to hundreds of thousands of students in partnership with New York City Health and Hospitals at nearly 1,600 locations.
What Happened: The California-based company will supply its RT-PCR at-home test, approved under United States Federal Drug Administration emergency use authorization, for students, as they return to school beginning September, it said in a statement.
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The test utilizes a nasal swab sample and results will be provided within 24-48 hours from the time the company receives a specimen, Fulgent said.
Why It Matters: Fulgent’s COVID-19 test can be taken at home or at school and was chosen because it can be self-administered, the company claimed.
XpresSpa Group Inc (NASDAQ:XSPA) is testing passengers at New York’s JFK International Airport using Abbott Laboratories’ (NYSE:ABT) ID NOW tests.
Abbott already has EUA for a $5 COVID-19 test, which it claims can detect the disease in 15 minutes.
Fulgent Price Action: Fulgent shares traded 10.3% higher at $31.80 in the after-hours session on Wednesday after the company announced its partnership. The stock earlier closed the regular session nearly 0.3% lower at $23.83 per share.
Photo courtesy: Governor Tom Wolf via Flickr
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.