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.
Midway through trading Friday, the Dow traded down 0.32% to 28074.12 while the NASDAQ fell 0.24% to 8,684.20. The S&P also fell, dropping 0.27% to 3,145.27.
Leading and Lagging Sectors
Real estate shares climbed 0.1% on Friday. Meanwhile, top gainers in the sector included The St. Joe Company (NYSE:JOE), up 9%, and BRT Apartments Corp. (NYSE:BRT), up 5%.
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!
In trading on Friday, energy shares fell 1.2%.
Top Headline
Tech Data Corporation (NASDAQ:TECD) shares jumped around 12% after the company announced it will be acquired by Apollo affiliates for $145/share in cash, an increase from $130/share previously.
Equities Trading UP
ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) shares shot up 92% to $4.46 after surging 81.25% on Wednesday.
Shares of Can-Fite BioPharma Ltd. (NYSE:CANF) got a boost, shooting up 32% to $3.40 following Q3 clinical update, highlighting an agreement with the FDA on its liver cancer study design, a South Korean distribution deal and an agreement to develop cannabinoid-based pharmaceuticals and assays.
SORL Auto Parts, Inc. (NASDAQ:SORL) shares were also up, gaining 28% to $4.3650 after the company announced it would be acquired for $4.72 per share.
Equities Trading DOWN
Paringa Resources Limited (NASDAQ:PNRL) shares tumbled 57% to $2.25 after climbing 266.20% on Wednesday.
Shares of Pier 1 Imports, Inc. (NYSE:PIR) were down 11% to $8.33.
TKK Symphony Acquisition Corporation (NASDAQ:TKKS) was down, falling 18% to $8.31.
Commodities
In commodity news, oil traded down 4% to $55.79, while gold traded up 0.6% to $1,469.50.
Silver traded up 0.1% Friday to $17.075, while copper fell 1.5% to $2.6545.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.35%, the Spanish Ibex Index rose 0.02%, while Italy’s FTSE MIB Index declined 0.22%. Meanwhile, the German DAX dropped 0.03%, and the French CAC 40 fell 0.08% while UK shares fell 0.94%.
Economics
Data on money supply for the recent week will be released at 4:30 p.m. ET.
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.