UPDATE: Benchmark Downgrades BioClinica to Hold Following Sale Agreement

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.

Benchmark downgraded BioClinica, Inc (NASDAQ: BIOC) from Buy to Hold and maintained a $7.25 price target.Benchmark said, "BioClinica announced it has entered into a definitive agreement with the private equity firm, JLL Partners, to acquire BioClinica for $7.25 per share. This reflects 1.6x our forecast 2012 revenue of $77.4 million and is a 23% premium to the prior 90-day trading average. … Based on the current price of $7.21, we feel shares now reflect our anticipation this transaction will shortly be completed. Our downgrade to Hold reflects the limited upside to the agreed $7.25 transaction price."BioClinica closed at $7.21 on Wednesday.

27% profit every 20 days?

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!