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.
Shares of Avid Bioservices (NASDAQ:CDMO) increased in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share rose 116.67% over the past year to $0.01, which beat the estimate of ($0.03).
Revenue of $21,806,000 rose by 60.52% year over year, which beat the estimate of $19,070,000.
Looking Ahead
Avid Bioservices Raises Its FY21 Sales From $84M-$88M To $88M-$91m Vs $ 86.26M Estimates
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Price Action
Company's 52-week high was at $22.13
52-week low: $3.02
Price action over last quarter: Up 58.50%
Company Description
Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on development and current Good Manufacturing Practices (cGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development, high quality cGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries.
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.