August 29, 2011 7:31 AM | 2 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
This is your Benzinga news summary and traders' outlook for Monday, August 29, 2011, covering headlines from overnight and Monday's pre-market session.Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S. dollar trades flat near the $73.75 level.Earlier this morning, ISI Group upgraded O'Reilly (NASDAQ: ORLY) to Hold. View all of
today's upgrades here.Citigroup downgraded Robert Half (NYSE: RHI) to Hold. View all of
today's downgrades here.Deutsche Bank raised Tiffany's (NYSE: TIF) price target to $79 from $75 and Citigroup lowered ManpowerGroup (NYSE: MAN) price target to $48 from $79. View all other
of today's analyst ratings here.Overseas, European markets are higher in afternoon trading. Britain's FTSE 100 rose 1.2%, Germany's DAX gained 1.5% and France's CAC 40 added 1.9% on the session. Asian stocks ended the session mixed. China's Shanghai Index lost 1.35%, Japan's Nikkei 225 added 0.6%, and Hong Kong's Hang Seng Index gained 1.4%.On the economic calendar, personal income, personal spending, and PCE data are set to be reported at 8:30 a.m. Pending home sales are due at 10:00 a.m. Finally, The Dallas Fed Manufacturing Index is set to report at 10:30 a.m.On the commodity front,
gold and
silver futures are higher in pre-market trading, with gold trading higher by about 1%. Energy futures are mixed with
crude oil up near the $85.50 level and
gasoline futures are trading lower by about 1.25%.
Natural Gas futures are trading down by about 1% and
copper futures are trading about 0.4% lower this morning.On the earnings front, LDK Solar (NYSE: LDK) reported Q2 EPS of $(0.62) on revenues of $499.4 million; The Street was looking for revenues of $714 million. In corporate news, The Corporate Executive Board Company (NYSE: EXBD) today announced that its Board of Directors has approved a new
$50 million stock repurchase program, which is authorized through Dec. 31, 2012.This concludes your news summary for August 29, 2011.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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