Why Sorrento Therapeutics Is Trading Higher 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.


Sorrento Therapeutics  (NASDAQ:SRNE) shares are trading higher after the company reported positive preliminary results for its Phase 1 study of COVI-MSC for the treatment of ICU COVID-19 patients.

Sorrento Therapeutics is a biotechnology company focused on the development of novel immunotherapies for oncology and autoimmune/inflammation diseases. The antibody technologies target various locations: extracellular, intracellular, and membrane-bound antigens. The product portfolio consists of BioSimilar/BioBetter antibodies, CAR-T programs for treatment of solid tumors, adoptive cellular therapies, immuno-oncology mAbs, and antibody drug conjugates.

Sorrento Therapeutics shares were trading up 48.22% at $15.44. The stock has a 52-week high of $19.39 and a 52-week low of $1.55.


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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