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.
Toward the end of trading Friday, the Dow traded up 0.30 percent to 25,414.00 while the NASDAQ climbed 0.30 percent to 7,295.17. The S&P also rose, gaining 0.44 percent to 2,749.83.
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Friday afternoon, the utilities shares climbed 1.2 percent. Meanwhile, top gainers in the sector included AmeriGas Partners, L.P. (NYSE:APU) up 6 percent, and Azure Power Global Limited (NYSE:AZRE) up 5 percent.
In trading on Friday, communication services shares fell 0.3 percent.
Top Headline
GameStop Corp. (NYSE:GME) reported better-than-expected earnings for its third quarter, but lowered its full-year profit outlook.
GameStop posted quarterly earnings of $0.67 per share on revenues of $2.08 billion. However, analysts were expecting a profit of $0.57 per share on revenue of $2.03 billion.
GameStop said it now projects full-year adjusted profit of $2.55 to $2.75 per share, versus earlier forecast of $3.00 to $3.35 per share. The company expects FY18 total sales to fall 2 percent to 6 percent.
Equities Trading UP
Tel-Instrument Electronics Corp. (NYSE:TIK) shares got a boost, shooting up 54 percent to $3.78 after the company announced a $816,000 test order from a major US defense contractor.
Shares of Ambarella, Inc. (NASDAQ:AMBA) shot up 18 percent to $39.87 after the company reported better-than-expected results for its third quarter on Thursday.
Universal Technical Institute, Inc. (NYSE:UTI) shares were also up, gaining 19 percent to $3.34 following Q4 results. Universal Technical Institute posted a Q4 loss of $0.49 per share on sales of $80.26 million.
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Equities Trading DOWN
Yext, Inc. (NYSE:YEXT) shares dropped 19 percent to $14.76 following Q3 results. For the current quarter, Yext expects a loss of $0.10 per share to a loss of $0.09 per share, and revenue of $62 million to $63 million.
Shares of Vivint Solar, Inc. (NYSE:VSLR) were down 21 percent to $5.50 after the company priced an 8 million share common stock offering at $5.50 per share.
China Ceramics Co., Ltd. (NASDAQ:CCCL) was down, falling around 25 percent to $1.28 after reporting a proposed public offering of common stock and warrants.
Commodities
In commodity news, oil traded down 0.51 percent to $51.19 while gold traded down 0.35 percent to $1,226.10.
Silver traded down 1.16 percent Friday to $14.235, while copper fell 0.29 percent to $2.7815.
Eurozone
European shares closed mostly lower today. The eurozone’s STOXX 600 dropped 0.17 percent, the Spanish Ibex Index fell 0.24 percent, while Italy’s FTSE MIB Index climbed 0.15 percent. Meanwhile the German DAX dropped 0.36 percent, and the French CAC 40 fell 0.05 percent while U.K. shares fell 0.83 percent.
Economics
The Chicago PMI rose to 66.40 for November, versus prior reading of 58.40. However, economists projected a reading of 58.60.
The total number of active U.S. oil rigs rose by 2 to 887 rigs this week, Baker Hughes Inc reported.
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.