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.
Health care stocks were as reactive as ever to Tuesday updates on insurance legislation.
From the Senate Health, Education, Labor and Pensions Committee, a bipartisan team announced an agreement to stabilize the Affordable Care Act marketplaces.
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The deal reached by Republican Sen. Lamar Alexander and Democratic Sen. Patty Murray would extend federal cost-sharing reduction payments for two years, allow states to change rules through a waiver, restore $106 million in outreach funds, and leave rules regarding essential benefits and pre-existing conditions intact.
The senators will work to recruit party support before proposing legislation this week.
"This is a small step, I'd like to undersell it, not oversell it," committee chairman Alexander said.
However, health insurance stocks popped on the news but quickly stabilized. At time of publication,
- Aetna Inc (NYSE:AET) traded up 2.7 percent.
- Anthem Inc (NYSE:ANTM) up 2.5 percent.
- UnitedHealth Group Inc (NYSE:UNH) up 6.1 percent.
- HCA Healthcare Inc (NYSE:HCA) up 2.1 percent.
- Tenet Healthcare Corp (NYSE:THC) up 3.7 percent.
- Community Health Systems (NYSE:CYH) up 5.9 percent.
- CIGNA Corporation (NYSE:CI) up 1.7 percent.
- Humana Inc (NYSE:HUM) up 1.8 percent.
President Donald Trump warned that any negotiations were “short-term” solutions and maintained his familiar position on Obamacare.
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.