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.
During Wednesday's morning session, 17 stocks hit new 52-week lows.
Interesting Facts:
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
- The largest company in terms of market cap to set a new 52-week low was Southwest Airlines (NYSE:LUV).
- The smallest company by market cap to hit a new 52-week low was 9 Meters Biopharma (NASDAQ:NMTR).
- Wealthbridge Acquisition (NASDAQ:HHHH) was the biggest loser, trading down 25.41% to reach its 52-week low,.
- LexinFintech Holdings (NASDAQ:LX) shares rebounded the highest, with shares trading up 0.59%, bouncing back after reaching its new 52-week low.
Here is a list of stocks that set new 52-week lows during the first half-hour of trading on Wednesday:
- Southwest Airlines (NYSE:LUV) shares began trading with a new 52-week low of $25.22 on Wednesday. The stock was down 3.71% for the day.
- Cincinnati Financial (NASDAQ:CINF) shares hit a yearly low of $55.85 today morning. The stock was down 4.03% on the session.
- LexinFintech Holdings (NASDAQ:LX) stock fell to a new 52-week low of $7.06 on Wednesday morning. Shares of the company traded up 0.59% on the day.
- Meten EdtechX Education (NASDAQ:METX) shares hit a yearly low of $10.17 today morning. The stock was down 7.12% on the session.
- Great Western Bancorp (NYSE:GWB) shares moved down 3.06% on Wednesday's session after setting a new 52-week low of $14.44 to begin trading.
- Front Yard Residential (NYSE:RESI) stock hit a yearly low of $6.93 this morning. The stock was down 2.47% for the day.
- Star Bulk Carriers (NASDAQ:SBLK) stock moved down 7.01% over Wednesday's trading session after setting a new 52-week low of $4.50 to open trading.
- Galiano Gold (AMEX:GAU) shares reached a new 52-week low of $1.09 on Wednesday morning, later moving down 3.85% over the rest of the day.
- RGC Resources (NASDAQ:RGCO) shares reached a new 52-week low of $23.79 on Wednesday morning, later moving down 1.08% over the rest of the day.
- Gogo (NASDAQ:GOGO) stock set a new 52-week low of $1.36 on Wednesday morning, with shares later moving down 1.77%.
- Biofrontera (NASDAQ:BFRA) shares reached a new 52-week low of $5.75 on Wednesday morning, later moving down 1.03% over the rest of the day.
- JC Penney Co (NYSE:JCP) shares fell to $0.19 on Wednesday morning, setting a new 52-week low. Shares then moved down 9.33%.
- StoneMor (NYSE:STON) stock hit $0.46 on Wednesday morning, setting a new 52-week low. The stock traded down 2.86% over the course of the day.
- Titan Intl (NYSE:TWI) shares were down 2.21% over the session, having began the day with a 52-week low of $1.07.
- Wealthbridge Acquisition (NASDAQ:HHHH) shares were down 25.41% over the session, having began the day with a 52-week low of $6.55.
- ProPhase Labs (NASDAQ:PRPH) stock hit $1.60 on Wednesday morning, setting a new 52-week low. The stock traded down 1.14% over the course of the day.
- 9 Meters Biopharma (NASDAQ:NMTR) stock hit a new 52-week low of $0.48 to begin trading. The stock was down 1.98% on the session.
Benzinga will continue to provide updates on these equities. Stay tuned for additional news.
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.