April 10, 2012 9:40 AM | 1 min read |
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.
Brean Murray Carret lowers its price target from $42 to $37 on Buy-rated InterMune (NASDAQ: ITMN) following timeline delays that offset regulatory upsides in Europe. Brean Murray Carret says, "The French Commission de Transparence (CT) indication that Esbriet does provide a benefit, which should offer the company good‐pricing advantage in France. We continue to see upside, as expectations of denial of coverage in Europe work their way out of the stock. However, guidance that timelines to commercial launch in Europe and Phase 3 data for U.S. approval are delayed may be a source of frustration given how recently management had provided and reiterated timelines. We have adjusted our models to be even more conservative than management guidance now and still get a $37 target price, highlighting we what believe continues to be one of the most attractive risk‐rewards in biotech."ITMN closed at $13.75 a share yesterday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.