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.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade. The Consumer Price Index for June and data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Federal Reserve Chairman Jerome Powell is set to testify before the Senate Banking Committee at 10:00 a.m. ET. New York Federal Reserve Bank President John Williams is set to speak in Albany, NY at 11:00 a.m. ET. Federal Board of Governors Vice Chairman for Supervision Randal Quarles is set to speak in Washington, D.C. at 1:30 p.m. ET, while Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Aberdeen, South Dakota at 5:00 p.m. ET. The U.S. Treasury budget report for June is schedule for release at 2:00 p.m. ET.
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Futures for the Dow Jones Industrial Average climbed 88 points to 26,948.00, while the Standard & Poor’s 500 index futures rose 8.1 points to 3,005.50. Futures for the Nasdaq 100 index gained 25 points to 7,953.75.
Oil prices traded higher as Brent crude futures rose 0.5% to trade at $67.32 per barrel, while US WTI crude futures rose 0.5% to trade at $60.71 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
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European markets were mostly lower today, with the Spanish Ibex Index falling 0.1%, STOXX Europe 600 Index gaining 0.1% and German DAX 30 index dropping 0.3%. The UK's FTSE index was trading lower by 0.1%, while French CAC 40 Index rose 0.1%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.51%, Hong Kong’s Hang Seng Index rose 0.81%, China’s Shanghai Composite Index rose 0.08% and India’s BSE Sensex rose 0.69%.
Broker Recommendation
Analysts at Wedbush upgraded Abercrombie & Fitch Co. (NYSE:ANF) from Underperform to Neutral.
Abercrombie & Fitch shares rose 1.5 percent to $17.34 in pre-market trading.
Breaking News
- Delta Air Lines, Inc. (NYSE:DAL) reported better-than-expected results for its second quarter and raised its FY19 EPS forecast.
- Fastenal Company (NASDAQ:FAST) reported weaker-than-expected results for its second quarter.
- AAR Corp. (NYSE:AIR) reported better-than-expected results for its fourth quarter, but issued weak FY20 earnings outlook.
- Exfo Inc (NASDAQ:EXFO) reported downbeat results for its third quarter and issued weak forecast for the fourth quarter.
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.