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.
Karen A Foster, Chief Quality Officer at Biolife Solutions (NASDAQ:BLFS), made a large buy and sell of company shares on September 27, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Karen A Foster exercised options to purchase 16,332 Biolife Solutions shares at a price of $1.64 per share for a total of $26,784 on September 27. They then sold their shares on the same day in the open market. They sold at a price of $44.66 to raise a total of $729,387 from the stock sale.
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Following the transaction, Foster still owns 72,452 shares of the company, worth $3,079,934.
Biolife Solutions shares are trading up 1.14% at $42.51 at the time of this writing on Thursday morning.
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Why Insider Transactions Are Important
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Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
Important Transaction Codes
Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
Check Out The Full List Of Biolife Solutions's Insider Trades.
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.