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.
Although US stocks closed mostly higher on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.
Black Diamond Therapeutics
- The Trade: Black Diamond Therapeutics, Inc. (NASDAQ:BDTX) 10% owner BB Biotech AG acquired a total of 1,740,000 shares an average price of $5.49. To acquire these shares, it cost around $9.56 million.
- What’s Happening: Black Diamond Therapeutics announced initial dose escalation data demonstrated anti-tumor activity of BDTX-1535 in non-small cell lung cancer patients across multiple EGFR mutation families.
- What Black Diamond Therapeutics Does: Black Diamond Therapeutics Inc is a precision oncology medicine company.
ONEOK
- The Trade: ONEOK, Inc. (NYSE:OKE) President and CEO Pierce Norton acquired a total of 24,607 shares at an average price of $60.96. To acquire these shares, it cost around $1.5 million.
- What’s Happening: Royalty Pharma reported mixed first-quarter financial results.
- What ONEOK Does: Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation.
Don’t forget to check out our premarket coverage here
Landmark Bancorp
- The Trade: Landmark Bancorp, Inc. (NASDAQ:LARK) Director Jim Lewis bought a total of 1,427 shares at an average price of $21.58. To acquire these shares, it cost around $30,793. The company’s Director Richard Ball also bought company’s shares.
- What’s Happening: Landmark Bancorp posted an increase in quarterly EPS.
- What Landmark Bancorp Does: Landmark Bancorp Inc is the bank holding company for Landmark National Bank, which is dedicated to providing quality financial and banking services.
Check This Out: Markets Turn More Bullish As Bank Shares Rise On Stress Test Results
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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