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.
The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) had another impressive day of trading Thursday, the fund seeing gains of 1.52% and finishing higher at $341.61.
U.S. indices were trading higher following strong economic data, including retail sales and jobless claims, as well as better-than-expected bank earnings.
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The SPDR S&P 500 ETF Trust (NASDAQ:SPY) jumped 1.07% to finish at an all-time closing high of $415.87. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) also had a very strong day, trading higher by 0.86% to finish at an all-time closing high of $340.44.
Here are the day's winners and losers from the QQQ, according to data from Benzinga Pro.
The leaders for the QQQ Thursday were predominantly from tech: NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX).
Nvidia shares were trading higher after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $700 to $750 per share.
Meanwhile, Baidu Inc (NASDAQ:BIDU), Walgreens Boots Alliance Inc (NASDAQ:WBA) and NetEase Inc (NASDAQ:NTES) were among the top losers in the QQQ.
Shares of Chinese stocks, like Baidu, were trading lower amid fears of monetary policy tightening along with U.S.-China tensions.
Elsewhere On The Street
Shares of AMC Entertainment Holdings Inc (NYSE:AMC) are trading higher by 7% Thursday morning following a series of comments CEO Adam Aron made Wednesday on YouTube channel Trey Trades regarding the issuance of 500 million new shares… Read More
GameStop Corp. (NYSE:GME) Chief Executive Officer George Sherman, who is facing a potential ouster, has forfeited shares worth almost $98 million after he failed to meet his “stated performance target.”... Read More
Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), the world’s largest contract chipmaker, on Wednesday reported a 19.4% rise in the first-quarter profit helped by strong demand for semiconductor chips from personal computers, smartphones and automobile sectors… Read More
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.