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.
Following the market opening Friday, the Dow traded up 0.31% to 27,865.12 while the NASDAQ rose 0.39% to 8,511.75. The S&P also rose, gaining 0.29% to 3,105.75.
Leading and Lagging Sectors
Health care shares climbed 0.6% on Friday. Meanwhile, top gainers in the sector included RadNet, Inc. (NASDAQ:RDNT), up 15%, and Matinas BioPharma Holdings, Inc. (NYSE:MTNB), up 12%.
In trading on Friday, utilities shares fell 0.3%.
Top Headline
J C Penney Company Inc (NYSE:JCP) reported narrower-than-expected loss for its third quarter.
JC Penney reported third-quarter losses of $0.30 per share on Friday, which beat the analyst consensus estimate for a loss of $0.55 per share. The company reported quarterly sales of $2.5 billion, which missed the analyst consensus estimate of $2.51 billion.
Equities Trading UP
Farfetch Limited (NYSE:FTCH) shares shot up 29% to $9.62 after the company reported better-than-expected Q3 EPS and sales results.
Shares of Plus Therapeutics, Inc. (NASDAQ:PSTV) got a boost, shooting up 24% to $2.9550 following Q3 results. Plus Therapeutics reversed from a loss of $27.63 per share in the third quarter of 2018 to a profit of 3 cents per share in the third quarter of 2019.
RadNet, Inc. (NASDAQ:RDNT) shares were also up, gaining 15% to $18.28 after the company announced it would replace Gannett Co in the S&P SmallCap 600 starting November 20th, 2019.
Equities Trading DOWN
resTORbio, Inc. (NASDAQ:TORC) shares tumbled 82% to $1.40 after the company disclosed that its Phase 3 PROTECTOR 1 trial of RTB101 did not meet primary endpoint.
Shares of Limbach Holdings, Inc. (NASDAQ:LMB) were down 39% to $2.8149 after the company announced weak Q3 earnings.
Anchiano Therapeutics Ltd (NASDAQ:ANCN) was down, falling 38% to $1.40 after the company reported Q3 results and disclosed that it has discontinued Phase 2 Codex study of inodiftagene vixteplasmid in patients with non-muscle-invasive bladder cancer.
Commodities
In commodity news, oil traded down 0.2% to $56.68, while gold traded down 0.6% to $1,465.20.
Silver traded down 1.1% Friday to $16.835, while copper rose 0.6% to $2.638.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.1%, the Spanish Ibex Index rose 0.4%, while Italy’s FTSE MIB Index climbed 0.3%. Meanwhile, the German DAX gained 0.2%, and the French CAC 40 rose 0.4% while UK shares fell 0.3%.
Economics
U.S. retail sales rose 0.3% for October, versus economists’ expectations for a 0.2% increase.
The New York Empire State manufacturing index fell to 2.9 in November, versus prior reading of 4. However, analysts were expecting a reading of 5.
US import prices declined 0.5% in October, versus a revised 0.1% increase in the prior month. Export prices fell 0.1% in October, versus a 0.2% drop in the previous month.
U.S. industrial production fell 0.8% for October, versus economists’ expectations for a 0.4% decline.
U.S. business inventories were unchanged for September, versus economists’ expectations for a 0.1% rise.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
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.
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