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 Monday, the Dow traded down 0.08% to 27,992.09 while the NASDAQ rose 0.19% to 8,672.98. The S&P also rose, gaining 0.06% to 3,147.83.
Leading and Lagging Sectors
Communication services shares climbed 0.5% on Monday. Meanwhile, top gainers in the sector included Livexlive Media Inc (NASDAQ:LIVX), up 17%, and Gravity Co., LTD. (NASDAQ:GRVY), up 4%.
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In trading on Monday, energy shares fell 0.5%.
Top Headline
Merck & Co., Inc. (NYSE:MRK) will acquire ArQule, Inc. (NASDAQ:ARQL) for $20 per share in cash for an approximate total equity value of $2.7 billion.
ArQule is a biopharmaceutical company focused on kinase inhibitor discovery and development for the treatment of patients with cancer and other diseases.
Equities Trading UP
Synthorx, Inc. (NASDAQ:THOR) shares shot up 169% to $67.41 after the company announced it would be acquired by Sanofi for $68 per share in cash.
Shares of ArQule, Inc. (NASDAQ:ARQL) got a boost, shooting up 103% to $19.64 after the company announced it would be acquired by Merck for $20 per share in cash.
XBiotech Inc. (NASDAQ:XBIT) shares were also up, gaining 84% to $20.42 after the company announced it would license its anti-inflammatory antibody to Janssen for $750 million in cash and up to $600 million in milestone payments.
Equities Trading DOWN
Diplomat Pharmacy, Inc. (NYSE:DPLO) shares tumbled 32% to $3.965 after the company received a $4 per share acquisition offer from United Health's OptumRx.
Shares of Kosmos Energy Ltd. (NYSE:KOS) were down 22% to $4.7050.
Biocept, Inc. (NASDAQ:BIOC) was down, falling 51% to $0.2640 after the company priced 24.6 million unit offering at $0.405 per unit.
Commodities
In commodity news, oil traded down 1.1% to $58.55, while gold traded up 0.3% to $1,469.20.
Silver traded up 0.5% Monday to $16.68, while copper rose 0.9% to $2.7495.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 dropped 0.2%, the Spanish Ibex Index fell 0.1%, while Italy’s FTSE MIB Index fell 1.1%. Meanwhile, the German DAX dropped 0.1%, and the French CAC 40 fell 0.5% while UK shares fell 0.1%.
Economics
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for November is schedule for release at 12:30 p.m. ET.
The Treasury will auction 3-year notes 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.