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.
Following the market opening Thursday, the Dow traded up 0.95% to 28175.26 while the NASDAQ rose 0.94% to 8,735.16. The S&P also rose, gaining 0.95% to 3,171.60.
Leading and Lagging Sectors
Energy shares climbed 1.4% on Thursday. Meanwhile, top gainers in the sector included Oceaneering International (NYSE:OII), up 10%, and Adams Resources & Energy Inc (NYSE:AE), up 5%.
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In trading on Thursday, real estate shares fell 0.2%.
Top Headline
Ciena Corporation (NYSE:CIEN) reported weaker-than-expected earnings for its fourth quarter, while sales exceeded estimates.
CIENA posted quarterly earnings of $0.58 per share, missing analysts’ estimates of $0.63 per share. Its sales came in at $968 million, versus expectations of $964.29 million.
Equities Trading UP
Diebold Nixdorf, Incorporated (NYSE:DBD) shares shot up 31% to $10.10 after the company reaffirmed FY19 guidance and issued FY20 guidance.
Shares of Amneal Pharmaceuticals, Inc. (NYSE:AMRX) got a boost, shooting up 28% to $4.4522 after the company announced it has received abbreviated new drug application approval from the FDA for EluRyng.
Aprea Therapeutics, Inc. (NASDAQ:APRE) shares were also up, gaining 19% to $42.31. Aprea Therapeutics highlighted presentation of APR-246 data at the ASH 2019 Meeting.
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Equities Trading DOWN
RiceBran Technologies (NASDAQ:RIBT) shares tumbled 29% to $1.47 after the company announced a proposed public offering of common stock.
Shares of Camber Energy, Inc. (NYSE:CEI) were down 19% to $1.6561 as a potential sell-off after the stock increased roughly 260% over the last 2 trading sessions.
Gritstone Oncology, Inc. (NASDAQ:GRTS) was down, falling 15% to $9.82 after the company presented initial safety data from the Phase 1 study of GRANITE-001 in solid tumors as well as initial safety data from the Phase 1 data for SLATE-001 in solid tumors.
Commodities
In commodity news, oil traded up 0.5% to $59.04, while gold traded up 0.3% to $1,479.40.
Silver traded up 0.5% Thursday to $16.925, while copper fell 0.3% to $2.7825.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.1%, the Spanish Ibex Index fell 0.1%, while Italy’s FTSE MIB Index rose 0.4%. Meanwhile, the German DAX gained 0.1%, and the French CAC 40 rose 0.1% while UK shares rose 0.6%.
Economics
Initial jobless claims rose 49,000 to 252,000 for the latest week.
The Producer Price Index was flat for November, versus economists’ expectations for a 0.2% rise.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
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.