October 7, 2013 11:30 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 Monday, H.C. Wainwright & Co. analyst Reni Benjamin initiated coverage on
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.
(NASDAQ: SPPI) with a Buy rating and $15.00 price target.In the report, H.C. Wainwright & Co. noted, “We are initiating coverage of Spectrum Pharmaceuticals with a BUY rating and a target price of $15, based on a discounted revenues and earnings per share valuation methodology. Spectrum Pharmaceuticals future value is supported by the revenue generated from four marketed products: Fusilev, Zevalin, Folotyn, and Marqibo. Combined, annual revenues should reach $165 MM by 2014, and continue growing at a 5-10% growth rate, in our opinion. The company also has a late-stage clinical development program comprised of belinostat for PTCL, apaziquone for bladder cancer, and a captisol-enabled melphalan for autologous stem cell transplants, as well as a pipeline of earlier stage products to fuel growth. With a solid portfolio of diverse oncology assets, and a strong cash position of $128 MM, we believe Spectrum represents an undervalued player with significant upside for the long-term investor.”Spectrum Pharmaceuticals closed on Friday at $8.49.
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