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.
Following the market opening Monday, the Dow traded down 0.84 percent to 24,736.04 while the NASDAQ declined 1.14 percent to 7,396.52. The S&P also fell, dropping 0.80 percent to 2,729.99.
Leading and Lagging Sectors
Monday morning, the telecommunication services shares gained 0.02 percent. Meanwhile, top gainers in the sector included Mobile TeleSystems (NYSE:MBT), up 3 percent, and Partner Communications Company Ltd. (NASDAQ:PTNR), up 3 percent.
In trading on Monday, information technology shares fell 1.21 percent.
Top Headline
KLA-Tencor Corp (NASDAQ:KLAC) announced plans to buy Orbotech Ltd (NASDAQ:ORBK) in a $3.4 billion deal.
The offer price of $69.02 per share, comprising $38.86 per share in cash and 0.25 of a share of KLA-Tencor common stock, represents around 15 percent premium over Orbotech's closing price on Friday.
Equities Trading UP
Heron Therapeutics, Inc. (NASDAQ:HRTX) shares shot up 30 percent to $28.00 as the company disclosed that its Phase 3 trial of HTX-011 met all primary and key secondary endpoints.
Shares of Geron Corporation (NASDAQ:GERN) got a boost, shooting up 20 percent to $4.0345. Geron reported Q4 loss of $0.05 per share on sales of $191,000.
Arcadia Biosciences, Inc. (NASDAQ:RKDA) shares were also up, gaining 22 percent to $51.20. Arcadia Biosciences reported the official launch of its GoodWheat™ consumer brand.
Equities Trading DOWN
Micro Focus International plc (NYSE:MFGP) shares dropped 46 percent to $14.25 after the company reported that Chris Hsu is stepping down as CEO of the company. The company also lowered its 2018 revenue forecast.
Shares of Cidara Therapeutics, Inc. (NASDAQ:CDTX) were down 23 percent to $6.117. Cidara Therapeutics disclosed 'positive' topline results from Phase 2 STRIVE trial of lead antifungal rezafungin.
Universal Display Corporation (NASDAQ:OLED) was down, falling around 10 percent to $111.8022. For the first time ever, Apple Inc. may be looking to design and produce displays for its devices at a secret manufacturing facility in California, Bloomberg reports.
Commodities
In commodity news, oil traded down 0.29 percent to $62.16 while gold traded down 0.01 percent to $1,312.30.
Silver traded down 0.14 percent Monday to $16.25, while copper fell 0.84 percent to $3.0815.
Eurozone
European shares were lower today. The eurozone’s STOXX 600 dropped 0.50 percent, the Spanish Ibex Index fell 0.38 percent, while Italy’s FTSE MIB Index fell 0.25 percent. Meanwhile the German DAX declined 0.95 percent, and the French CAC 40 slipped 0.59 percent while U.K. shares fell 1.17 percent.
Economics
The Treasury will auction 3-and 6-month bills at 11:30 a.m. ET.
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.
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!