November 30, 2012 10:35 AM | 1 min read
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.
In a report published Friday, Oppenheimer reiterated its Outperform rating on Alimera Sciences (NASDAQ: ALIM), but lowered its price target from $5.00 to $3.00.Oppenheimer Holdings noted, “On 11/29, ALIM announced that the UK's National Institute for Health and Clinical Excellence (NICE) issued final draft guidance indicating ILUVIEN is not recommended for treatment of chronic diabetic macular edema (DME) unresponsive to existing therapies. The committee cited insufficient cost-effectiveness at current pricing levels. We expect ALIM to develop a patient access scheme per the agency's concerns to determine appropriate pricing. It is unclear at this time when this will occur; however, we do not expect it to impact launch in Germany during 1Q13. However, we do believe this UK ruling will impact pricing across the EU and thus are lowering our average price. This results in a reduction of our price target to $3/share from $5/share.”Alimera Sciences closed on Thursday at $2.32.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.