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.
Before 10 a.m. ET on Wednesday, 5 stocks hit new 52-week lows.
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Noteworthy Highlights:
- Tempur Sealy Intl (NYSE:TPX) was the biggest company by market cap to set a new 52-week low.
- MediaCo Holding (NASDAQ:MDIA) was the smallest firm by market cap to set a new 52-week low.
- Nabriva Therapeutics (NASDAQ:NBRV) saw the most significant move of the companies, as shares traded down 10.91% to reach its new 52-week low.
The stocks that set new 52-week lows as of 10 a.m. ET on Wednesday:
- Tempur Sealy Intl (NYSE:TPX) stock broke to a new 52-week low of $24.56 on Wednesday. Shares of the company traded down 1.95%.
- Northern Dynasty Minerals, Ltd. Common Stock (AMEX:NAK) stock hit $0.32 on Wednesday morning, setting a new 52-week low for a change of down 3.22%.
- Nabriva Therapeutics (NASDAQ:NBRV) stock hit a new 52-week low of $0.36. The stock was down 10.91% on the session.
- Jianpu Technology (NYSE:JT) shares reached a new 52-week low of $2.50 on Wednesday morning, moving down 5.62%.
- MediaCo Holding (NASDAQ:MDIA) stock dropped to a yearly low on Wednesday of $2.27. Shares traded down 5.8%.
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.