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.
The FDA approved AbbVie Inc's (NYSE:ABBV) Rinvoq (upadacitinib; 15 mg) for active psoriatic arthritis (PsA).
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- Like Pfizer Inc's (NYSE:PFE) approval for Xeljanz, Rinvoq's approval also covers adult patients who have had an inadequate response or intolerance to one or more tumor necrosis factor (TNF) blockers.
- Earlier this month, the FDA slapped boxed warnings on the labels of Xeljanz, Rinvoq, and Eli Lilly And Co's (NYSE:LLY) Olumiant, flagging the risk of cardiovascular events in high-risk patients who are 50 years and older.
- Rinvoq helped psoriatic arthritis patients treated with 15 mg doses achieve higher ACR50 responses (an improvement of at least 50%) than placebo in two Phase 3 trials.
- In the trials, 38% and 32% of patients on Rinvoq achieved ACR50 responses, compared to 13% and 5% on placebo, respectively.
- The Rinvoq arms also boasted 16% and 9% ACR70 responses, compared to 2% and 1% in the placebo arms, respectively.
- Price Action: ABBV shares are up 1.93% at $129.73 on the last check Wednesday.
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.