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 has lifted the clinical hold on Spero Therapeutics Inc's (NASDAQ:SPRO) Phase 2 trial of SPR720 for nontuberculous mycobacterial (NTM) disease.
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- The SPR720 program was placed on a clinical hold by the FDA following a review of data from a non-human primate (NHP) toxicology study in which mortalities with inconclusive causality to treatment were observed.
- The FDA's decision to lift the hold follows Spero's submission of a comprehensive study report with detailed analyses from the NHP toxicology study.
- Related: Spero Therapeutics Stock Surges On $40M Equity Funding, SPR206 Licensing Pact With Pfizer.
- NTM lung disease is a general term for disorders characterized by exposure to specific bacterial germs known as mycobacteria.
- Spero plans on engaging with the FDA in Q1 of 2022 to discuss the re-initiation of the SPR720 Phase 2 trial, with an expected study start date commencing in 2H of 2022.
- SPR720 represents a novel antibacterial agent class that targets enzymes essential for bacterial DNA replication.
- Price Action: SPRO shares are down 0.86% at $15.02 during the market session on the last check Tuesday.
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.