July 30, 2012 8:22 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.
Progenics Pharmaceuticals (NASDAQ: PGNX) shares fell 47.22% to $5.70 in the pre-market trading. Salix Pharmaceuticals Ltd (NASDAQ: SLXP) and Progenics Pharmaceuticals received a Complete Response Letter from the US Food and Drug Administration (FDA) for a Supplemental New Drug Application (sNDA) for RELISTOR.Salix Pharmaceuticals Ltd (NASDAQ: SLXP) dipped 15.42% to $44.99 in the pre-market session. Analysts at Susquehanna downgraded Salix from “positive” to “neutral.”Green Mountain Coffee Roasters (NASDAQ: GMCR) moved down 1.88% to $17.70 in the pre-market session. Green Mountain Coffee Roasters shares have dropped 82.65% over the past 52 weeks, while the S&P 500 index has gained 7.25% in the same period. Masco (NYSE: MAS) dipped 1.58% to $13.09 in the pre-market session. Masco is expected to report its Q2 earnings after the closing bell.
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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