March 17, 2015 12:31 PM | 1 min read
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.
(NASDAQ: TKMR) shares were trading sharply higher by $1.62 (9 percent) at $20.06 in Tuesday's session. The catalyst for the rally has been the outbreak of
21 new Ebola cases reported in a single day in western Guinea, including three doctors.On Monday, an American healthcare worker that may have been exposed to Ebola was transported to Nebraska Medicine's Biocontainment Unit for observation.Tekmira, a leading developer of RNA interference (RNAi) therapeutics, has been one of a few companies working for a cure for the deadly virus.During the height of the Ebola scare this past October, the issue catapulted from its September 29 close ($20.68) to $29.53 in the next four trading sessions. When a massive outbreak failed to materialize, it cratered before finding a bottom on December 9 at $12.54.From that level, it staged a rally to $26.73 on January 28 on the heels of a merger agreement with OnCore Biopharma. Once again, the sharp rally faded and the issue retreated to the $17.19 level before mounting another rally.In today's session, after a flat open, the issue began to rally off the new Ebola cases being reported. So far, the rally has found resistance at $20.77 and it is attempting to maintain the $20.00 level. The current high coincides with its March 5 high ($20.72).
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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