December 14, 2012 12:42 PM | 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.
Stifel Nicolaus reiterated its Buy rating on Rigel Pharmaceuticals (NASDAQ: RIGL) but reduced its price target from $13 to $11. Stifel Nicolaus commented, "Rigel's development/collaboration partner AstraZeneca provided top-line results from the P2b OSKIRA-4 study evaluating fostamatinib vs. placebo vs. Humira. … We've lowered our peak sales estimates (now $1.5-1.7 billion) to reflect both increased competitive risk and a more-modest adoption curve amongst the majority of rheumatologists seemingly still prioritizingsafety/experience over convenience (Pfizer's TNF-like pricing of tofacitinib likely won't help here either). We believe today's price-action implies too-steep of a risk-adjustment into P3 OSKIRA data and we remain Buy-rated."Rigel Pharmaceuticals closed at $5.51 on Thursday.
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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