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.
Midway through trading Friday, the Dow traded down 0.03 percent to 25,233.89 while the NASDAQ declined 0.20 percent to 7,619.50. The S&P also fell, dropping 0.09 percent to 2,768.00.
Leading and Lagging Sectors
On Friday, the consumer staples shares surged 0.82 percent. Meanwhile, top gainers in the sector included Companhia Brasileira de Distribuição (NYSE:CBD) up 5 percent, and Revlon, Inc. (NYSE:REV) up 8 percent.
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!
In trading on Friday, telecommunication services shares fell 0.49 percent.
Top Headline
Zumiez Inc. (NASDAQ:ZUMZ) reported better-than-expected results for its first quarter. The company also issued strong second-quarter guidance.
Earnings came in at $(0.10), beating estimates by 4 cents. Sales came in at $206 million, beating estimates by $5 million. First-quarter comps were up 8.3 percent, with comps up 7.5 percent in May.
Equities Trading UP
EDAP TMS S.A. (NASDAQ:EDAP) shares shot up 76 percent to $3.90. The therapeutic ultrasound company said the FDA granted a 510(k) clearance for its Focal One device for the ablation of prostate tissue.
Shares of TapImmune, Inc. (NASDAQ:TPIV) got a boost, shooting up 29 percent to $7.646. TapImmune reported the pricing of 17.5 million share common stock offering at $4 per share.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Stitch Fix, Inc. (NASDAQ:SFIX) shares were also up, gaining 13 percent to $22.23 after the company reported stronger-than-expected results for its third quarter. The company also announced the launch of Stitch Fix Kids.
Equities Trading DOWN
MicroVision, Inc. (NASDAQ:MVIS) shares dropped 9 percent to $1.295 after reporting an $18 million common stock offering.
Shares of Iteris, Inc. (NASDAQ:ITI) were down 6 percent to $4.62 after the company posted downbeat Q4 results.
Profire Energy, Inc. (NASDAQ:PFIE) was down, falling around 10 percent to $4.12 after announcing a 7.5 million share common stock offering.
Commodities
In commodity news, oil traded down 0.41 percent to $65.68 while gold traded down 0.06 percent to $1,302.20.
Silver traded down 0.30 percent Friday to $16.765, while copper rose 0.63 to $3.2955.
Eurozone
European shares were lower today. The eurozone’s STOXX 600 fell 0.23 percent, the Spanish Ibex Index fell 0.83 percent, while Italy’s FTSE MIB Index declined 1.91 percent. Meanwhile the German DAX slipped 0.41 percent, and the French CAC 40 fell 0.01 percent while U.K. shares fell 0.30 percent.
Economics
US wholesale inventories rose 0.1 percent for April.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
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.