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 had a mixed day of trading Tuesday as investors continue to weigh concerns over inflation and yields, as well as a rotation out of tech and software names. Here's how each of the major indices performed for the trading day:
- The SPDR S&P 500 ETF Trust (NASDAQ:SPY) also finished higher by 1.02% at $419.17.
- The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) closed higher by 0.56% at $343.96.
- The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) finished higher by 1.68% at $332.51.
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Here are the day's winners and losers from the SPY, according to data from Benzinga Pro.
Royal Caribbean Cruises Ltd (NYSE:RCL), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) and Carnival Corp (NYSE:CCL) were the best performing names in the S&P 500 Tuesday.
Cruise line shares were trading higher amid cruise sector and reopening optimism. Norwegian Cruise Line on Monday also announced the resumption of Alaska cruises.
Meanwhile, Edison International (NYSE:EIX), Nucor Corporation (NYSE:NUE) and Baker Hughes Co (NYSE:BKR) were some of the most hammered names.
Elsewhere On The Street
GameStop Corporation (NYSE: GME) surged over 20% on Tuesday despite the general markets trading slightly lower. Since the epic short squeeze that took place in January, there has often been an inverse correlation between GameStop and the SPDR S&P 500 ETF (NYSE: SPY)... Read More
It may be time to buy the stocks of Naked Brand Group Limited (NASDAQ: NAKD), Bank of America Corporation (NYSE: BAC), and Alibaba Group Holding Limited (NYSE: BABA). All three are at critical junctures... Read More
Airbnb Inc (NASDAQ:ABNB) announced more than 100 platform upgrades Monday in anticipation of “the biggest travel rebound in a century,” said Airbnb CEO Brian Chesky... 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.