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.
IN THE NEWS
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President Donald Trump catalyzed a selloff in opioid-exposed stocks Thursday as he declared the national epidemic a public health emergency and renewed the government’s crackdown on fentanyl: Link
Celgene Corporation (NASDAQ:CELG) stock tanked Thursday, dropping close to 20 percent on roughly nine times its average volume. The downside was orchestrated by weaker-than-expected third-quarter revenues announced by the company Thursday: Link
Twitter Inc (NYSE:TWTR) traders were treated to an unfamiliar sight on Thursday after the company delivered a third-quarter earnings beat: Link
Wall Street Journal
This summer, investors bet that developed-world central banks would move in tandem when exiting crisis-era stimulus: Link
Three of the world’s biggest companies—Google parent Alphabet Inc. (NASDAQ:GOOG), Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT)—reported booming quarterly growth, extending their reach in industries from advertising to retail to business software as they drive the economy’s technological transformation: Link
Reuters
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Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc (NASDAQ:TSLA), but Americans love big, fuel-thirsty trucks like Ford Motor Co’s (NYSE:F) bestselling F-Series pickups and are paying ever higher prices to buy them: Link
U.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on equipment: Link
Bloomberg
In a visit to the Demilitarized Zone that separates the two Koreas, U.S. Secretary of Defense James Mattis on Friday accused North Korea of building a nuclear arsenal to “threaten others with catastrophe,” the Yonhap news agency reported: Link
Republicans are barreling into a lobbying frenzy next week, when House Ways and Means Chairman Kevin Brady plans to unveil a sweeping tax bill to remake the U.S. economy that’s being crafted with rigorous secrecy: Link
ECONOMIC DATA
- USA GDP (QoQ) for Q3 3.00% vs 2.50% Est; Prior 3.10%
- The University of Michigan's consumer sentiment index for October will be released at 10:00 a.m. ET.
- The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
ANALYST RATINGS
- Morgan Stanley upgraded Celgene (NASDAQ:CELG) from Underperform to Equal-Weight
- Evercore upgraded Corporate Office Props (NYSE:OFC) from Underperform to In-Line
- Morgan Stanley downgraded Ingersoll-Rand (NYSE:IR) from Overweight to Equal-Weight
- Mizuho downgraded Dunkin Donuts (NASDAQ:DNKN) from Neutral to Underperform
- Credit Suisse downgraded Mercer International (NASDAQ:MERC) from Outperform to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
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.