UPDATE: Bank of America Upgrades Orexigen Therapeutics to Buy


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.


Bank of America raises its rating on Orexigen Therapeutics (NASDAQ: OREX) to Buy with an increased $7 price objective on long-term upside with near term-drivers. Bank of America says, "We are upgrading OREX shares to BUY and increasing our DCF-derived PO from $3.50 to $7 due to attractive valuation (EV only $250mn), potential near-term catalysts, and a favorable long-term outlook for the obesity drug Contrave (expected approval in 2014). If an upcoming FDA advisory meeting (March 28-29) favors pre-approval cardiovascular outcomes studies in obesity drugs, OREX could be best positioned as it already secured an FDA protocol for a CV-based trial that is about to start. Conversely, if the panel supports post-approval CV studies, investors will assign increased value for OREX's phase 3-ready obesity drug Empatic that has similar efficacy/risks as VVUS' Qnexa."OREX closed at $3.70 a share on Friday.

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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Posted In: Analyst ColorUpgradesPrice TargetPre-Market OutlookAnalyst RatingsBank of America