March 1, 2013 11:29 AM | 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.
In a report published Friday, Aegis Capital reiterated its Buy rating and $100.00 price target on Medivation (NASDAQ: MDVN).Aegis Capital noted, “Yesterday afternoon, following the market close, Medivation reported financial results for 4Q and FY 2012. The firm also provided guidance on total operating expenses for 2013 ($285mm - $300mm), net of collaboration cost-sharing. While the company's results missed our expectations on the bottom line, we note that roughly $71mm in total XTANDI™ sales was reported for 2012, significantly ahead of our original projection of only $29mm and reflective of the impact that the expanded access program and the accelerated approval of the drug have had. Encouraged by this and confident in our near- and long-term outlook for the drug, we reiterate our Buy rating and $100 12-month price target on Medivation shares.”Medivation closed on Thursday at $54.01.
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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