May 30, 2012 8:43 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.
Cantor Fitzgerald reiterates its Hold rating on Endo Pharmaceuticals Holdings (NASDAQ: ENDP) Cantor Fitzgerald notes, "We had modeled a 4Q:14 generic launch and have updated our numbers to reflect the most conservative scenario of a Sept. 15, 2013 Watson (NYSE: WPI, NC) generic. We have also taken 2013 Lidoderm revenues down by an additional $96M toaccount for the 8 months of product the company will provide to Watson in 2013 that can be re-sold to the trade ($12M per month). Endo preserved additional upside if Lidoderm's ANDA approval is delayed into 2014-2015 (and would pay Watson ~$6.7-7.1M/month during this period). If there is no third generic player Endo may collect a 25% royalty off Watson Lidoderm gross profits and/ or launch its own authorized generic 7.5 months after Watson, but we are not assuming these scenarios at this time."ENDP closed at $34.20 on 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.
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