27% profits every 20 days?
This is what Nic Chahine averages with his options 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. International trade report for September will be released at 8:30 a.m. ET, while US Services Purchasing Managers' Index for October is schedule for release at 9:45 a.m. ET. The ISM non-manufacturing index for October and the Labor Department's JOLTS report for September will be released at 10:00 a.m. ET. Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Dallas, Texas at 12:40 p.m. ET, while Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Minneapolis, Minnesota at 6:00 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 68 points to 27,448 while the Standard & Poor’s 500 index futures traded rose 6.8 points to 3,082.50. Futures for the Nasdaq 100 index gained 21.5 points to 8,237.25.
Oil prices traded higher as Brent crude futures rose 1% to trade at $62.76 per barrel, while US WTI crude futures rose 0.8% to trade at $56.98 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index falling 0.2%, STOXX Europe 600 Index climbing 0.1% and German DAX 30 index gaining 0.1%. The UK's FTSE index was trading higher by 0.3%, while French CAC 40 Index rose 0.1%.
In Asian markets, Japan’s Nikkei Stock Average rose 1.76%, Hong Kong’s Hang Seng Index gained 0.49%, China’s Shanghai Composite Index rose 0.54% and India’s BSE Sensex fell 0.13%.
Broker Recommendation
Analysts at Mizuho upgraded NXP Semiconductors N.V. (NASDAQ:NXPI) from Neutral to Buy and raised the price target from $108 to $130.
NXP Semiconductors shares rose 1.6% to $119.80 in pre-market trading.
Breaking News
- Arconic Inc. (NYSE:ARNC) reported upbeat earnings for its third quarter, while sales missed views. Arconic raised its FY19 EPS guidance, but lowered its sales forecast.
- Kaman Corporation (NASDAQ:KAMN) announced plans to acquire Bal Seal Engineering for $330 million in cash.
- Groupon Inc (NASDAQ:GRPN) reported weaker-than-expected earnings for its third quarter on Monday.
- Aaron’s, Inc. (NYSE:AAN) reported downbeat earnings for its third quarter.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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!