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 Monday, the Dow traded up 0.34% to 26689.66 while the NASDAQ rose 0.94% to 8081.12. The S&P also rose, gaining 0.58% to 2,958.95.
Leading and Lagging Sectors
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!
Information technology shares rose 1.4% on Monday. Meanwhile, top gainers in the sector included NeoPhotonics Corp (NYSE:NPTN), up 12%, and ACM Research, Inc. (NASDAQ:ACMR), up 12%.
In trading on Monday, utilities shares fell 1.1%.
Top Headline
Brookfield Infrastructure (NYSE:BIP) and GIC, along with Brookfield Infrastructure’s institutional partners, will acquire U.S. freight railroad owner and operator Genesee & Wyoming Inc. (NYSE:GWR) in a transaction valued at approximately $8.4 billion including debt.
Genesee & Wyoming stockholders will receive $112 in cash per share of common stock.
Equities Trading UP
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) shares shot up 26% to $5.96 after the company announced it plans to sell its transformer business to Mill Point Capital for $65.5 million.
Shares of Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) got a boost, shooting up 38% to $2.81 after the company announced it has won two wind contract awards in Texas valued at $150 million.
Emmis Communications Corporation (NASDAQ:EMMS) shares were also up, gaining 23% to $5.85 after the company reported a deal to form new public co., Mediaco Holding, with Standard General.
Equities Trading DOWN
Cemtrex, Inc. (NASDAQ:CETX) shares tumbled 19% to $2.57 after the company priced its registered offering of 224,215 shares at $2.23 per share.
Shares of Vuzix Corporation (NASDAQ:VUZI) were down 15% to $3.48 after the company announced a $20 million registered direct offering.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Coty Inc. (NYSE:COTY) was down, falling 16% to $11.31 after reporting a $600 million restructuring plan.
Commodities
In commodity news, oil traded up 0.9% to $59.00, while gold traded down 1.5% to $1,392.50.
Silver traded down 0.7% Monday to $15.235, while copper fell 1% to $2.686.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.78%, the Spanish Ibex Index rose 0.72%, while Italy’s FTSE MIB Index gained 0.09%. Meanwhile, the German DAX gained 0.99%, and the French CAC 40 rose 0.52% while UK shares rose 0.97%.
Economics
The manufacturing PMI rose to 50.6 in June, versus initial reading of 50.1.
The ISM manufacturing index fell to a reading of 51.7 in June, compared to 52.1 in the previous month.
U.S. construction spending dropped 0.8% for May, versus economists’ expectations for a 0.3% rise.
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.