27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Credit Suisse has downgraded Editas Medicine Inc (NASDAQ:EDIT) from Outperform to Neutral with a price target of $13 from $25.
- Thursday, Editas announced clinical data from the Phase 1/2 BRILLIANCE trial of EDIT-101, an in vivo CRISPR/Cas9 genome editing medicine.
- Given the small population (around 300 in the U.S.), the company will pause enrollment in the BRILLIANCE trial and seek to identify a collaboration partner to continue the development of EDIT-101.
- Credit Suisse says that Editas still maintains foundational intellectual property relating to CRISPR/Cas9 and CRISPR/Cas12a gene editing in human cells in relevant jurisdictions, which may lead to future licensing deals.
- The company also plans to release Phase 1/2 RUBY data for EDIT-301 in sickle cell disease later this year. However, the data will be early, and interpretation could be limited.
- With reasonably low expectations, Editas also maintains optionality with its preclinical oncology programs.
- Opportunities for the stock are difficult to assess and be range bound in the near term.
- Price Action: EDIT shares are down 2.41% at $10.75 on the last check Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!