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 Friday as markets rebound following a sell-off yesterday over concerns the economic recovery is slowing as the COVID-19 Delta variant spreads.
- The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) gained 1.26% to $348.73
- The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) finished higher by 0.62% to $361.01
- The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 1.07% to $435.52
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Here are the day's winners and losers from the DIA, according to data from Benzinga Pro.
Walt Disney Co (NYSE:DIS), Goldman Sachs Group Inc (NYSE:GS) and Caterpillar Inc. (NYSE:CAT) were among the top gainers.
Merck & Co., Inc. (NYSE:MRK) and Salesforce.com, inc. (NYSE:CRM) were the only losers for the DIA.
Elsewhere On The Street
Stamps.com Inc. (NASDAQ:STMP) shares jumped 63.7% on Friday after the company announced a $6 billion buyout by private equity firm Thoma Bravo… Read More
GameStop Corp (NYSE:GME) Chairman Ryan Cohen could help bring a Lego model of the popular video game retailer to the public… Read More
Jim Cramer featured General Motors Company (NYSE:GM) on his "Mad Dash" stock segment Friday on CNBC's "Squawk On The Street."... 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.