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 Price And Volume Action In Alcoa's Stock Today
Alcoa's (NYSE:AA) stock has been rising Wednesday, up 9.74% to a price of $29.7. The stock's volume is currently 5.89 million, which is roughly 80.39% of its recent 30-day volume average of 7.32 million.
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Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Alcoa shares are trading higher after Goldman Sachs upgraded the stock from Sell to Buy and raised its price target from $19 to $32 per share.
Perspective On Recent Price Action
The moving average price of the stock over the past 50 days was $22.44 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $27.86 and as low as $5.16.
If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
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.