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.
Toward the end of trading Friday, the Dow traded down 0.76% to 28,650.09 while the NASDAQ fell 0.68% to 9,030.59. The S&P also fell, dropping 0.61% to 3,237.94.
Leading and Lagging Sectors Real estate shares climbed 0.7% on Friday. Meanwhile, top gainers in the sector included
Essential Properties Realty Trust Inc (NYSE:EPRT), up 3%, and
New England Realty Associates LP (NYSE:NEN), up 3%.In trading on Friday, materials shares fell 1.1%.
Top Headline Lamb Weston Holdings Inc (NYSE:LW) reported better-than-expected Q2 results and raised FY20 guidance.Lamb Weston posted quarterly earnings of $0.95 per share on sales of $1.109 billion. However, analysts were expecting earnings of $0.84 per share on sales of $964.88 million.
Equities Trading UP Yuma Energy, Inc. (NYSE:YUMA) shares shot up 34% to $4.1096 amid crude oil which was up more than 3.5% to over the $63/barrel level. Traders have targeted this name previously given volatility in oil markets; the company has a float of just over 1 million shares, making it susceptible to increased volatility.Shares of
Acorda Therapeutics, Inc. (NASDAQ:ACOR) got a boost, shooting up 21% to $2.38 after Point72 reported a 9.8% passive stake in the company.
Cinedigm Corp. (NASDAQ:CIDM) shares were also up, gaining 15% to $0.8290 after the company signed a definitive stock purchase agreement to acquire a 29% stake in Starrise Media.
Equities Trading DOWN Novan, Inc. (NASDAQ:NOVN) shares tumbled 73% to $0.8499. Novan released top-line efficacy results from the Phase 3 B-SIMPLE program that evaluated SB206 for the treatment of molluscum contagiosum, which showed that statistical significance was not achieved for the primary endpoint in either B-SIMPLE1 or B-SIMPLE2. Shares of
DPW Holdings, Inc. (NYSE:DPW) were down 30% to $1.6724 after rising 101.65% on Thursday.
Landec Corporation (NASDAQ:LNDC) was down, falling 12% to $9.83 after the company reported a wider-than-expected loss for its second quarter.
Commodities In commodity news, oil traded up 2.5% to $62.68, while gold traded up 1.5% to $1,551.00. Silver traded up 0.6% Friday to $18.145, while copper fell 1.5% to $2.782.
Euro zone European shares closed mostly lower today. The eurozone's STOXX 600 dropped 0.33%, the Spanish Ibex Index fell 0.46%, while Italy's FTSE MIB Index dipped 0.56%. Meanwhile, the German DAX dropped 1.25%, and the French CAC 40 rose 0.04% while UK shares rose 0.24%.
Economics The ISM manufacturing PMI dropped to 47.2 in December, versus a reading of 48.1 in November. Construction spending rose 0.6% in November, versus a revised 0.1% rise in the prior month.Domestic supplies of natural gas declined 58 billion cubic feet for the week ended December 27, the U.S. Energy Information Administration reported. However, analysts were projecting a drop of 67 million bcf. U.S. crude supplies dropped 11.46 million barrels for the week ended December 27, the Energy Information Administration reported. However, analysts expected a fall of 3.1 million barrels. Gasoline supplies rose 3.212 million barrels, while distillate supplies gained 8.776 million for the week. The total number of active U.S. oil rigs slipped by 7 to 670 rigs this week, Baker Hughes Inc reported.The Federal Open Market Committee issued minutes of its latest meeting.Federal Reserve Bank of Dallas President Robert Kaplan will speak at 3:30 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.
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