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.
Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade. Chicago Fed President Charles Evans will speak at 12:40 p.m. ET.
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Futures for the Dow Jones Industrial Average gained 14 points to 28,298 while the Standard & Poor’s 500 index futures traded rose 1.35 points to 3,196.75. Futures for the Nasdaq 100 index gained4.25 points to 8,609.50.
Oil prices traded lower as Brent crude futures fell 0.4% to trade at $65.82 per barrel, while US WTI crude futures fell 0.7% to trade at $60.49 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.15%, STOXX Europe 600 Index climbing 0.1% and German DAX 30 index dropping 0.3%. The UK's FTSE index was trading higher by 0.1%, while French CAC 40 Index rose 0.1%.
In Asian markets, Japan’s Nikkei Stock Average fell 0.55%, Hong Kong’s Hang Seng Index gained 0.15%, China’s Shanghai Composite Index fell 0.18% and India’s BSE Sensex rose 0.50%.
Broker Recommendation
Analysts at Oppenheimer downgraded FedEx Corporation (NYSE:FDX) from Outperform to Perform.
FedEx shares fell 7.8% to $150.50 in pre-market trading.
Breaking News
- General Mills, Inc. (NYSE:GIS) reported upbeat earnings for its second quarter.
- Medtronic (NYSE:MDT) reported the FDA clearance of Stealth Autoguide System for cranial procedures.
- FedEx Corporation (NYSE:FDX) reported weaker-than-expected Q2 results and issued soft FY20 guidance.
- Steelcase Inc. (NYSE:SCS) reported stronger-than-expected results for its third quarter.
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.