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.
U.S. indices were trading higher, rebounding after the recent dip amid capital gains tax hike concerns and as investors await several notable earnings reports next week.
- The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) closed higher by 0.94% at $345.51.
- The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) closed lower by 0.75% at $331.51.
- The SPDR S&P 500 ETF Trust (NASDAQ:SPY) finished slightly higher by 0.8% at $419.07.
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Here are the day's winners and losers from the DIA, according to data from Benzinga Pro.
Top leaders for the Dow Jones were in industrials: Cisco Systems Inc (NASDAQ:CSCO), IBM (NYSE:IBM) and Home Depot Inc (NYSE:HD).
Meanwhile, McDonald's Corp (NYSE:MCD), Caterpillar Inc. (NYSE:CAT) and Walgreens Boots Alliance Inc (NASDAQ:WBA) fell slightly Thursday.
Elsewhere On The Street
Uber Technologies Inc (NYSE:UBER) shares traded lower after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates… Read More
Citron Research's Andrew Left appeared on Benzinga's YouTube show "PreMarket Prep At The Close" to discuss Jumia Technologies AG (NYSE:JMIA) in an exclusive interview… Read More
Despite industry-related input costs and labor headwinds, Darden Restaurants (NYSE:DRI) could generate above-consensus earnings in fiscal 2023, driven by Olive Garden sales, according to Cowen… 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.