Perrigo Tanks As No Suitor Emerges - Perrigo (NYSE:PRGO)

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.

Perrgio (NASDAQ: PRGO) shares are trading lower by $8.39 at $99.74 in Wednesday's session. It has nearly erased all of it gains, when takeover rumors hit the tape.At this time, no bidder has come forward and in turn, the issue has given back all of its gains from Tuesday, when the issued rallied from $99.06 to $108.13.After a lower open, it could not come close to Tuesday's close ($108.13), peaking at $106.18, before resuming its move lower. At this time, it is attempting to find support in the area of Monday's close ($99.06), as the current low stands at $99.20.

27% profit every 20 days?

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