January 2, 2013 9:27 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 Wednesday, Aegis Capital Corp. reiterated its Buy rating and $25.00 price target on Synergy Pharmaceuticals (NASDAQ: SGYP).Aegis Capital noted, “This morning, Synergy reported positive results from the first Phase 3 trial of its lead drug candidate, plecanatide (SP-304), in chronic idiopathic constipation (CIC). The trial met all primary and secondary endpoints with high statistical significance. Plecanatide demonstrated dose-dependent efficacy and encouraging safety and tolerability. In our view, this trial result clearly positions plecanatide as a real competitor in the gastrointestinal (GI) tract disorders arena and establishes Synergy as a force to be reckoned with. In the wake of this positive Phase 3 data with plecanatide, we reiterate our Buy rating and 12-month price target of $25 per share for SGYP.”Synergy Pharmaceuticals closed on Monday at $5.26.
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.
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