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.
On Friday morning, 4 companies hit new 52-week lows.
Interesting Points:
- Nabors Industries (NYSE:NBR) was the largest company by market cap to set a new 52-week low.
- The smallest company in terms of market cap to set a new 52-week low was Ever-Glory Intl Gr (NASDAQ:EVK).
- Stein Mart (NASDAQ:SMRT) saw the most significant move of the companies, as shares traded down 31.84% to reach its new 52-week low.
The following stocks created new 52-week lows as of 10 a.m. ET on Friday:
- Nabors Industries (NYSE:NBR) shares set a new yearly low of $0.29 this morning. The stock was down 5.52% on the session.
- Roadrunner Transportation (NYSE:RRTS) shares moved up 10.31% on Friday's session after setting a new 52-week low of $1.75 to begin trading.
- Stein Mart (NASDAQ:SMRT) shares were down 31.84% over the session, having began the day with a 52-week low of $0.23.
- Ever-Glory Intl Gr (NASDAQ:EVK) shares reached a new 52-week low of $0.85 on Friday morning, later moving down 10.52% over the rest of the day.
Benzinga will update traders on these companies going forward. If these companies break to a new level, Benzinga will be the first to report on it.
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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