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.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average dipped 204 points to 25,025.00, while the Standard & Poor’s 500 index futures fell 22.75 points to 2,712.50. Futures for the Nasdaq 100 index declined 58.25 points to 6,726.50.
Oil prices traded mixed as Brent crude futures fell 1.08 percent to trade at $64.96 per barrel, while US WTI crude futures gained 0.39 percent to trade at $61.92 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.42 percent, STOXX Europe 600 Index climbing 0.03 percent and German DAX 30 index falling 0.05 percent. The UK's FTSE index was trading lower by 0.36 percent, while French CAC 40 Index rose 0.12 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 1.01 percent, Hong Kong’s Hang Seng Index declined 0.78 percent, China’s Shanghai Composite Index gained 0.45 percent and India’s BSE Sensex dropped 0.21 percent.
Broker Recommendation
Analysts at Pivotal Research downgraded Interpublic Group of Companies Inc (NYSE:IPG) from Buy to Hold.
Interpublic shares rose 1.08 percent to close at $25.33 on Friday.
Breaking news
- Home Depot Inc (NYSE:HD) reported stronger-than-expected results for its fourth quarter and increased its quarterly dividend by 15.7 percent.
- Walmart Inc (NYSE:WMT) reported downbeat earnings for its fourth quarter, while sales exceeded estimates.
- Henry Schein, Inc. (NASDAQ:HSIC) posted in-line earnings for its fourth quarter.
- Voxeljet AG (ADR) (NYSE:VJET) reported weak preliminary sales for the year ended December 31, 2017. The company also issued a weak sales forecast for the year ending December 31, 2018.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!