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.
- Trevena Inc (NASDAQ:TRVN) has announced data from 30 patients enrolled in the proof-of-concept study of TRV027 in hospitalized COVID-19 patients.
- The results showed that TRV027 was well-tolerated and provided initial evidence of its potential to improve biomarker and clinical endpoints associated with COVID-19.
- The study was led and funded by Imperial College London, with additional support through the British Heart Foundation Imperial Centre for Research Excellence Award.
- Related: Trevena's TRV027 To Be Tested In NIH-Funded COVID-19 Trial.
- The primary endpoint was the mean change from baseline D-dimer levels at three days.
- D-dimer is a biomarker used to monitor the risk of abnormal clotting throughout the vascular system, and elevated circulating D-dimer levels can also be used to predict the COVID-19 infection.
- Among TRV027 treated patients, 70% (7 of 10) experienced a reduction in circulating D-dimer, compared to 27% (3 of 11) of patients on placebo.
- TRV027 was associated with a 92% probability of a potentially beneficial treatment effect.
- Post-hoc analysis indicated that patients receiving TRV027 experienced a 12-day reduction in the average length of hospital stay compared to placebo (11.4 vs. 23.3 days), with a median decrease of 4 days (8 vs. 12).
- Price Action: TRVN stock is up 6.56% at $1.30 during the premarket session on the last check Thursday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!