Benzinga's Top #PreMarket Losers


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.


Tetraphase Pharmaceuticals Inc (NASDAQ: TTPH) shares fell 79.57 percent to $9.15 in pre-market trading after failing to meet the primary endpoint of statistical non-inferiority for IGNITE2, compared to levofloxacin.

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Flexion Therapeutics Inc (NASDAQ: FLXN) fell 27.93 percent to $20.90 in pre-market trading after failing to demonstrate statistical significance for the primary endpoint for FX006. Aquinox Pharmaceuticals Inc (NASDAQ: AQXP) shares declined 12.29 percent to $13.77 in pre-market trading after the company reported a proposed public offering of $75 million of common stock. MannKind Corporation (NASDAQ: MNKD) shares tumbled 8.85 percent to $3.71 in pre-market trading. Piper Jaffray downgraded MannKind from Neutral to Underweight and lowered the price target from $4 to $1.50. Yahoo! Inc. (NASDAQ: YHOO) shares dipped 2.10 percent to $30.25 in pre-market trading after dropping 2.15 percent on Tuesday.

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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