November 18, 2011 4:12 PM | 2 min read
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.
This is your Benzinga news summary and traders' summary for Friday, November 18, 2011, covering headlines from Friday's trading session.Today at market close, the Dow Jones Index traded up about 25.65 points or 0.22%, the S&P 500 traded 0.04% lower, the Nasdaq Composite Index traded down 0.6%, and the U.S. dollar trades slightly lower near the $78.25 level. Earlier today, Credit Suisse upgraded Smithfield Foods (NYSE: SFD) to Outperform and Sterne Agee upgraded HP (NYSE: HPQ) to Buy. View all of
today's upgrades here.Morgan Stanley downgraded Darden Restaurants (NYSE: DRI) to Equal-Weight and Bank of America downgraded TransDigm (NYSE: TDG) to Neutral. View all of
today's downgrades here.Overseas, European markets ended their trading session lower. Britain's FTSE 100 lost 1.11%, Germany's DAX decreased by 0.85% and France's CAC 40 slid by 0.44% on the session. Asian stocks ended their session lower, as well. China's Shanghai Index lost 1.92%, Japan's Nikkei 225 increased by 1.23%, and the Hang Seng index slid by 1.73%.On the economic calendar, Leading Indicators came in at 0.9% versus an estimate of 0.6%. On the commodity front,
gold and
silver futures traded lower today, with gold trading about 0.1% lower today. Energy futures are lower as well, with
crude oil down over 1.1% near the $97.85 level and
gasoline futures are trading lower by about 0.9%.
Natural Gas futures are lower by about 2.9% and
copper futures are trading over 0.2% higher.On the earnings front this afternoon, Pepsico (NYSE: PEP) reported Q3 EPS of $1.31 on revenues of $17.6 billion. The Street was looking for $1.30 per share on revenues of $17.2 billion.In corporate news, Abbot Labs (NYSE: ABT) announced that
the FDA approved its drug for Chagas Disease, making it the first drug to diagnose the disease. Clearwire (NASDAQ: CLWR) announced that it is focused on growing its business. Earlier today, the company announced that it was mulling paying some of its debt payments, promptly sending the stock downwards by about 24%.American Apparel (NYSE: APP) announced that
its acting President, Tom Casey, will be stepping down.This concludes your news summary for November 18, 2011.
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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