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.
IN THE NEWS
After eking out a modest gain in the week ended April 27, the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) pulled back this week amid some not-so-encouraging earnings reports and negative regulatory decisions: Link
Warren Buffett is still the face of Berkshire Hathaway Inc., (NYSE: BRK-A) but behind the scenes, his deputies are frequently calling the shots: Link $
Oil futures rose sharply in Asian trading Monday, hitting new 3 1/2-year highs as the U.S. benchmark hovered around $70 a barrel and a deadline to renew waivers of U.S. sanctions on Iran loomed: Link $
Talks to update the NAFTA trade deal enter a make-or-break week on Monday, as ministers from Canada, the United States and Mexico seek to resolve an impasse in key areas before elections in Mexico and the United States complicate the process: Link
Swiss-based food giant Nestle will pay Starbucks (NASDAQ:SBUX) $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world in a global alliance aimed at reinvigorating their coffee empires: Link
Not long after U.S. authorities filed sealed charges against Volkswagen’s (OTC:VLKAY) old chief executive officer, they granted the new CEO a rare safe-passage deal: Link
ECONOMIC DATA
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- The TD Ameritrade Investor Movement Index for April is schedule for release at 12:30 p.m. ET.
- Tom Barkin is set to speak at 2:00 p.m. ET.
- Data on consumer credit for March will be released at 3:00 p.m. ET.
- Dallas Fed President Robert Kaplan will speak at 3:30 p.m. ET.
- Chicago Fed President Charles Evans is set to speak at 3:30 p.m. ET.
ANALYST RATINGS
- Barclays upgraded Illumina (NASDAQ:ILMN) from Equal-Weight to Overweight
- KeyBanc upgraded Silgan (NASDAQ:SLGN) from Underweight to Sector Weight
- Mizuho downgraded ALLETE (NYSE:ALE) from Buy to Neutral
- Barclays downgraded Eaton (NYSE:ETN) from Equal-Weight to Underweight
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% 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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