Why BioLineRx Shares Are Getting Obliterated Monday


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.


BioLine RX Ltd - ADR (NASDAQ:BLRX) shares are trading lower by 32.21% to $1.06 Monday morning after the company announced a $15 million registered direct offering.

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The offering is expected to close on or about September 21st, subject to satisfaction of customary closing conditions.

BioLineRx intends to use the net proceeds to facilitate the commercial launch of Motixafortide in autologous stem cell mobilization for multiple myeloma patients and general corporate purposes, which may include working capital and funding clinical trials.

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According to data from Benzinga Pro, BioLineRx has a 52-week high of $3.15 and a 52-week low of $1.01.


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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