April 16, 2014 9:11 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.
Impax Laboratories, Inc. (NASDAQ: IPXL) today announced that it is commencing shipment of authorized generic RENVELA (sevelamer carbonate 800 mg tablets), through Global Pharmaceuticals, Impax's generics division. RENVELA is indicated for the control of serum phosphorus in patients with chronic kidney disease on dialysis. Impax Laboratories, Inc.Under the terms of a settlement agreement, Genzyme, a Sanofi company, agreed to grant Impax a license to sell an allotment of a specified number of bottles of an authorized generic version of RENVELA tablets commencing on April 16, 2014. Impax continues to pursue approval of its pending Abbreviated New Drug Application for generic RENVELA with the U.S. Food and Drug Administration (FDA)."We are excited to market this product and provide patients with a more affordable treatment option," said Carole S. Ben-Maimon, M.D., President of Global Pharmaceuticals. "This product will be an important contributor to our 2014 financial results." According to IMS Health (NSP), U.S. sales of RENVELA Tablets, 800 mg, were approximately $907 million for the 12 months ended February 2014.
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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