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.
China Jo-Jo Drugstores Inc (NASDAQ: CJJD) soared over 20 percent and China Nepstar Chain Drugstore Ltd. (ADR) (NYSE: NPD) spiked over 30 percent Tuesday following news that online sales of prescription drugs are expected to be legalized sometime after January 1 in China.
According to Want China Times, following “its launch four years ago, the scale of China's pharmaceutical e-commerce market has ballooned at an average annual rate of 250.35 percent, reaching 4 billion yuan (US$646 million) in 2013 alone.”
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China’s entire pharmaceutical retail market was valued at $210 billion in 2013 with over-the-counter drugs accounting for $48.4 billion.
Further boosting shares of China Nepstar Chain Drugstore Ltd. (ADR) was the announcement of a share repurchase program allowing the company to repurchase up to $5 million worth of its issued and outstanding American Depositary Shares over the next 12 months.
China Nepstar Chain Drugstore recently traded at $1.81, up 31.1 percent.
China Jo-Jo Drugstores recently traded at $2.95, up 13 percent.
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.