Rally In Spark Therapeutics Inc. Fizzles


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.


  • Spark Therapeutics Inc (NASDAQ: ONCE) spiked to $77.40 in premarket trading.
  • All time high made in March at $79.50.
  • Catalyst being a pivotal Phase 3 trial of SPK-RPE65 for genetic blinding conditions.
  • Last week traded as low as $38.48 before ending the week at $43,93.
  • Following a rally to $66 off the open, profits takers have come in.
  • Currently, trading higher by $10 at $53.93.

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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas