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.
Lyra Therapeutics Inc (NASDAQ:LYRA) shares are trading lower by 93% to $0.30 during Monday’s session after the company announced the ENLIGHTEN 1 trial did not meet its primary endpoint.
What Happened?
Lyra Therapeutics released disappointing results from its Phase 3 ENLIGHTEN 1 trial, evaluating LYR-210 for chronic rhinosinusitis (CRS). LYR-210 did not meet the primary endpoint of significantly improving CRS symptoms compared to the sham control at 24 weeks.
Despite improvements in some secondary measures, such as the Sino-Nasal Outcome Test (SNOT-22) score, ethmoid sinus opacification did not significantly improve. The trial, which enrolled 190 patients, is ongoing, with data from the 52-week extension phase expected later in the year.
The company meanwhile plans to make operational changes and reduce its workforce to conserve cash. LYR-210 is a bioabsorbable implant designed to deliver anti-inflammatory medication for up to six months, targeting a significant population of CRS patients who fail standard therapies.
See Also: Red Sea Disruptions To Cut Shipping Capacity By 15-20% In Q2, Says Maersk
Should I Sell My LYRA Stock?
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Lyra Therapeutics have decreased by 88.24% in the past year. An investor who bought shares of Lyra Therapeutics at the beginning of the year would take a loss of $4.89 per share if they sold it today. The stock has fallen 93.98% over the past month, meaning an investor who bought shares on Apr. 1 would see a capital loss of $5.3.
Lyra Therapeutics shares have an all-time high of $9.43, representing 2972.66% upside from current levels.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Lyra Therapeutics stock currently has an RSI of 20.68, indicating oversold conditions.
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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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