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.
PTC Therapeutics, Inc. (NASDAQ:PTCT) plunged as low as 4 percent off Thursday’s highs as traders circulated a report citing termination of the firm’s 2A ataluren study for Duchenne and Becker muscular dystrophies. However, a company spokesperson clarified that this was “very old news.”
“The Phase 3 was completed almost two years ago,” the representative told Benzinga. PTC recently filed a New Drug Application with the Food and Drug Administration for ataluren for the treatment of Duchenne Muscular Dystrophy and has an expected Prescription Drug User Fee Act date of Oct. 24.
The government record that seemingly concerned traders was last updated Tuesday for unknown reasons, and the edit alert may have triggered alarm.
PTC shares recovered and were trading above opening rates at the time of publication.
Related BZ Pro Headlines:PTC Study Of Ataluren Has Been Terminated
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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