27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Apple Inc. (NASDAQ:AAPL) fell 1.5 percent premarket Thursday on news that it halved iPhone 8 and iPhone 8 Plus holiday orders.
A supply chain official alerted Taiwan’s Economic Daily News to the cuts.
The order reduction could be indicative of weakening product demand — an obvious negative for Apple — or it could signal consumers’ better-than-expected interest in the concurrently released iPhone X.
Nonetheless, the market interpreted the news with pessimism and prompted plunges among Apple suppliers. At the time of publication,
- Skyworks Solutions Inc (NASDAQ:SWKS), down 2.18 percent. and
- KLA-Tencor Corp (NASDAQ:KLAC), down 1.93 percent.
- Cirrus Logic, Inc. (NASDAQ:CRUS) was trading down 1.75 percent.
- Applied Materials, Inc. (NASDAQ:AMAT), down 1.68 percent.
- Qorvo Inc (NASDAQ:QRVO), down 1.50.
- Knowles Corp (NYSE:KN), down 1.28.
- Jabil Inc (NYSE:JBL), down 1.10.
- Micron Technology, Inc. (NASDAQ:MU), down 1.08 percent.
- Intel Corporation (NASDAQ:INTC), down 1.07.
- Texas Instruments Incorporated (NASDAQ:TXN), down 1.
The following suppliers moved marginally lower or appeared unaffected:
- Lam Research Corporation (NASDAQ:LRCX), down 0.95.
- Broadcom Ltd (NASDAQ:AVGO), down 0.86 percent.
- NXP Semiconductors NV (NASDAQ:NXPI), down 0.34.
- QUALCOMM, Inc. (NASDAQ:QCOM), down 0.31.
- Lattice Semiconductor Corp (NASDAQ:LSCC), down 0.17.
- TTM Technologies, Inc. (NASDAQ:TTMI), flat.
- Analog Devices, Inc. (NASDAQ:ADI), flat.
- Flex Ltd (NASDAQ:FLEX), flat.
- LG Display Co Ltd. (ADR) (NYSE:LPL), flat.
- Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), up 0.02.
In September, Rosenblatt Securities warned of potential iPhone 8 production cuts after early preorders came in “substantially lower” than those of earlier generations. Within days, though, other analysts reported a pickup in demand.
As of Thursday morning, Apple had not yet commented on the scaleback reports.
Related Link: Apple Nears $1 Trillion Valuation; Here's The Story Of The Company First To Break The $1 Billion Mark
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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