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 highr in early pre-market trade. Data on motor vehicle sales for October will be released today. Data on September factory orders will be released at 10:00 a.m. ET. San Francisco Federal Reserve Bank President Mary Daly is set to speak in New York at 3:05 p.m. ET.
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Futures for the Dow Jones Industrial Average gained 121 points to 27,380 while the Standard & Poor’s 500 index futures rose 14.3 points to 3,077.50. Futures for the Nasdaq 100 index gained 45.25 points to 8,205.50.
Oil prices traded higher as Brent crude futures rose 1.4% to trade at $62.53 per barrel, while US WTI crude futures rose 1.3% to trade at $56.91 a barrel.
A Peek Into Global Markets
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European markets were higher today, with the Spanish Ibex Index rising 0.8%, STOXX Europe 600 Index rising 0.9% and German DAX 30 index gaining 1.2%. The UK's FTSE index was trading higher by 1%, while French CAC 40 Index fell 2%.
In Asian markets, Japan’s Nikkei Stock Average fell 0.33%, Hong Kong’s Hang Seng Index rose 1.65%, China’s Shanghai Composite Index gained 0.58% and India’s BSE Sensex rose 0.34%.
Broker Recommendation
Analysts at Nomura downgraded Verizon Communications Inc. (NYSE:VZ) from Buy to Neutral and lowered the price target from $67 to $65.
Verizon shares fell 0.5 percent to $60.08 in pre-market trading.
Breaking News
- Bausch Health Companies Inc. (NYSE:BHC) reported better-than-expected earnings for its third quarter and raised its FY19 sales forecast.
- Compugen Ltd. (NASDAQ:CGEN) reported the FDA clearance of its investigational new drug application for COM902.
- RedHill Biopharma Ltd. (NASDAQ:RDHL) shares jumped around 35% in pre-market trading after the company announced FDA approval of its Talicia for treatment of H Pylori in adults..
- Wright Medical Group N.V. (NASDAQ:WMGI) agreed to be acquired by Stryker Corporation (NYSE:SYK) for $30.75 per share in cash.
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.