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.
Houston Wire & Cable's Stock Price And Volume Action
Houston Wire & Cable's (NASDAQ:HWCC) stock has been rising Thursday, up 39.47% to a price of $5.33. The stock's current volume for the day is 5.71 million, which is approximately 12551.28% of its previous 30-day average volume of 45.51 thousand.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Houston Wire & Cable shares are trading higher after the company announced it will be acquired by OmniCable for $91 million.
Perspective On Recent Price Action
The stock's 50-day moving average was $3.81 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $4.75 and fallen to a low of $1.74.
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.
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