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
Traders are always on the lookout for a stock that can ride the market momentum in a given sector or business. Based on the way the market is trending in the past month or so, Overstock.com Inc (NASDAQ:OSTK) has major exposure to two of the hottest trends on Wall Street at the moment—cryptocurrency and retail: Link
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The Federal Communications Commission voted 3-2 Thursday to kill net neutrality rules previously requiring internet service providers to treat online traffic equally: Link
Several Republican senators expressed last-minute doubts about the tax-overhaul plan in Congress, possibly an attempt to strengthen their negotiating positions before a compromise plan set to be released on Friday and final votes planned for early next week: Link
CSX Corp. (NYSE:CSX) Chief Executive Hunter Harrison has taken a medical leave of absence due to unexpected complications from a recent illness: Link
After years of double-digit growth, home solar installations in the United States are poised to fall for the first time this year, according to a report released on Thursday by GTM Research.: Link
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The Great Recession is a speck in the rear-view mirror for America’s financial markets. They’ve advanced far beyond pre-crisis levels. In fact, Goldman Sachs says you can go back a century before 2008, and still not find a “bull market in everything” like today’s: Link
Michael Bloomberg says this tax bill is a trillion-dollar blunder. Bloomberg says Congress and President Trump put politics ahead of smart reform: Link
Mighty Jeff Bezos has hit a wall. The number of US shoppers who are willing to fork out $99 a year for Amazon (NASDAQ:AMZN) Prime had zero growth in the third quarter, according to a report on Thursday: Link
ECONOMIC DATA
- USA NY Empire State Manufacturing Index for Dec 18.00 vs 18.60 Est; Prior 19.40
- Data on industrial production for November will be released at 9:15 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.
- The Treasury International Capital data for October will be released at 4:00 p.m. ET.
ANALYST RATINGS
- Macquarie upgraded T-Mobile (NASDAQ:TMUS) from Neutral to Outperform
- Barclays upgraded Sealed Air (NYSE:SEE) from Equal-Weight to Overweight
- Barclays upgraded Sonoco (NYSE:SON) from Underweight to Equal-Weight
- KeyBanc downgraded 21st Century Fox (NASDAQ:FOXA) from Overweight to Sector Weight
- Gabelli downgraded Nordson (NASDAQ:NDSN) from Buy to Hold
- Axiom downgraded Canadian Solar (NASDAQ:CSIQ) from Buy to Hold
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.