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 lower in early pre-market trade. Futures for the Dow Jones Industrial Average dropped 80 points to 26,695 while the Standard & Poor’s 500 index futures traded fell 9.8 points to 2,961.00. Futures for the Nasdaq 100 index declined 32.25 points to 7,826.75.
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Oil prices traded lower as Brent crude futures fell 2% to trade at $59.29 per barrel, while US WTI crude futures fell 2.1% to trade at $53.55 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.6%, STOXX Europe 600 Index declining 0.9% and German DAX 30 index dropping 0.6%. The UK's FTSE index was trading lower by 0.5%, while French CAC 40 Index fell 0.7%.
In Asian markets, Japan’s Nikkei Stock Average rose 1.15%, Hong Kong’s Hang Seng Index rose 0.81%, China’s Shanghai Composite Index rose 1.15% and India’s BSE Sensex rose 0.23%.
Broker Recommendation
Analysts at Stephens & Co. downgraded Delta Air Lines, Inc. (NYSE:DAL) from Overweight to Equal-Weight and lowered the price target from $75 to $57.
Delta Air shares fell 1.1% to $52.35 in pre-market trading.
Breaking News
- Aytu BioScience, Inc. (NASDAQ:AYTU) reported a $10 million private placement from Altium Capital and Armistice Capital.
- Owens Corning (NYSE:OC) disclosed that its CFO Michael McMurray will be stepping down to purse a different opportunity.
- Sempra Energy (NYSE:SRE) agreed to sell its Chilean business for $2.23 billion in cash to State Grid International Development.
- AECOM (NYSE:ACM) agreed to sell its Management Services business for $2.41 billion to American Securities LLC and Lindsay Goldberg.
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.