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, ahead of earnings from American Express Company (NYSE:AXP) and ManpowerGroup Inc. (NYSE:MAN). The University of Michigan's consumer sentiment index for July is schedule for release at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in New York at 11:05 a.m. ET, while Boston Federal Reserve Bank President Eric Rosengren will speak in New York City, New York at 4:30 p.m. ET.
Futures for the Dow Jones Industrial Average gained 39 points to 27,240, while the Standard & Poor’s 500 index futures rose 1.15 points to 2,998.75. Futures for the Nasdaq 100 index gained 10.25 points to 7,943.75.
Oil prices traded higher as Brent crude futures rose 1.6% to trade at $62.92 per barrel, while US WTI crude futures rose 1.3% to trade at $56.03 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.7%, STOXX Europe 600 Index dropping 0.1% and German DAX 30 index gaining 0.1%. The UK's FTSE index was trading lower by 0.2%, while French CAC 40 Index fell 0.1%.
In Asian markets, Japan’s Nikkei Stock Average rose 2%, Hong Kong’s Hang Seng Index rose 1.07%, China’s Shanghai Composite Index rose 0.79% and India’s BSE Sensex fell 1.44%.
Broker Recommendation
Analysts at Jefferies downgraded Alcoa Corporation (NYSE:AA) from Buy to Hold and lowered the price target from $29 to $23.
Alcoa shares rose 1.1 percent to close at $23.41 on Thursday.
Breaking News
- Schlumberger Limited (NYSE:SLB) reported in-line earnings for its second quarter, while sales exceeded views.
- Microsoft Corporation (NASDAQ:MSFT) reported stronger-than-expected results for its fourth quarter on Thursday.
- Cleveland-Cliffs Inc. (NYSE:CLF) reported better-than-expected results for its second quarter.
- Skechers USA Inc (NYSE:SKX) reported better-than-expected earnings for its second quarter and issued strong third-quarter guidance.
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.
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