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
U.S. District Judge Richard Leon ruled against the Justice Department to confirm that AT&T Inc. (NYSE:T)'s $85 billion purchase of Time Warner Inc (NYSE:TWX) does not violate antitrust laws: Link
The Street became decidedly more bullish on Weight Watchers International, Inc. (NYSE:WTW) Tuesday: Link
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk confirmed Tuesday that the company will terminate 9 percent of employees as part of a “difficult but necessary” reorganization: Link
Federal Reserve Chairman Jerome Powell has repeatedly played down the central bank’s “dot plot” as a guide to future interest rates, but Wall Street just won’t take the hint: Link $
Investors wiped about $3 billion off embattled Chinese telecommunications giant ZTE Corp’s market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government: Link
Paul Marciano, the co-founder and executive chairman of the 37-year-old apparel brand Guess (NYSE:GES), is stepping down, the company said Tuesday — four months after model Kate Upton and others accused him of sexual harassment: Link
ECONOMIC DATA
US PPI (MoM) for May 0.50% vs 0.30% Est; US Core PPI (MoM) for May 0.30% vs 0.20% Est
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET..
The Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.
ANALYST RATINGS
Raymond James upgrades Sprint (NYSE:S) from Market Perform to Outperform
Morgan Stanley upgrades Telefonica Brasil (NYSE:VIV) from Equal-Weight to Overweight
Keybanc downgrades KMG Chemicals (NYSE:KMG) from Overweight to Sector Weight
Credit Suisse downgrades Hershey (NYSE:HSY) from Neutral to Underperform
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.
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!