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.
The Reddit forum that led the short squeeze in the shares of GameStop Corp (NYSE:GME) is buzzing with discussion on new short squeeze targets.
Here are the most discussed companies on r/WallStreetBets:
Rocket Companies Inc (NYSE:RKT): The parent of Rocket Mortage and Quicken Loans, shot up over 71.19% on Tuesday at $41.60 but cooled down 8.17% in the after-hours trading.
The company has been popping for the past week and is likely buoyant due to a short squeeze. It is also the most discussed company on r/WallStreetBets with a comment volume of 6,509 ahead of GameStop, which attracted 6,266 comments, as per SwaggyStocks data.
See also: How to Buy GameStop (GME) Stock
SPDR S&P 500 ETF Trust (NYSE:SPY), an ETF, came in ahead of Palantir Technologies Inc (NYSE:PLTR) in terms of discussions. The Peter Thiel-founded company attracted 1,156 comments, while the exchange-traded fund gained 3,607 comments on the discussion board. Late last month, Palantir was the most discussed company on WallStreetBets.
AMC Entertainment Holdings Inc (NYSE:AMC), which was one of the stocks that rose along with GameStop earlier in the year when the short squeeze frenzy was at its peak, came in ahead of Elon Musk-led Tesla Inc (NASDAQ:TSLA) in terms of comments. AMC collected 1116 comments, 454 more than the automaker.
Nio Inc (NYSE:NIO) trailed Tesla in comment volume by a mere two comments at 660 comments. The Chinese automaker reported wider Q4 losses of RMB 0.93 or 14 cents than Street estimates of 7 cents.
Other hotly discussed stocks on the discussion board included Fubotv Inc (NYSE:FUBO), Apple Inc (NYSE:AAPL), and Sundial Growers Inc (NASDAQ:SNDL).
Related Links: FuboTV Reports 2020 Revenue Up 83%, Lays Out Sports Betting Launch Timeline
Cramer Slams Sundial As Cannabis Company Raises Over $89M Via Warrant Exchange
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.
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!