December 19, 2011 4:15 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 for Monday, December 19, 2011, covering headlines from Monday's daytime trading session.Today at market close, the Dow Jones Index traded down about 99.90 points or 0.84%, the S&P 500 traded 1.18% lower, the Nasdaq Composite Index traded down 1.26%, and the U.S. dollar trades lower near the $80.90 level. Earlier today, Raymond James upgraded Mercer International (NASDAQ: MERC) to Outperform and Credit Suisse upgraded Lazard (NYSE: LAZ) to Outperform. View all of
today's upgrades here.Stifel Nicolaus downgraded Echo Global (NASDAQ: ECHO) to Hold and Auriga downgraded Heico (NYSE: HEI) to Hold. View all of
today's downgrades here.Overseas, European markets ended their trading session mixed. Britain's FTSE 100 lost 0.41%, Germany's DAX decreased by 0.54% and France's CAC 40 rallied by 0.06% on the session. Asian stocks ended their session lower. China's Shanghai Index tumbled by 0.3%, Japan's Nikkei 225 decreased by 1.26%, and the Hang Seng index lost 1.18%.On the economic calendar, the NAHB Housing Market Index came in at 21 versus an estimate of 20. On the commodity front,
gold and
silver futures traded lower today, with gold trading about 0.12% lower today. Energy futures are mixed, however, with
crude oil up over 0.3% near the $94 level and
gasoline futures are trading higher by about 0.3%.
Natural Gas futures are lower by about 0.3% and
copper futures are trading over 0.5% lower.Today's earnings announcements including Red Hat Reports Q3 EPS $0.28 vs $0.26 Est; Revenues $290.00M vs $289.62M Est; .In corporate news, Tangoe (NASDAQ: TNGO) announced that
it will announce ProfitLine for $23.5 million. Commercial Metals Company (NYSE: CMC) announced that
it has rejected Carl Icahn's suggestions for management changes.Amgen (NASDAQ: AMGN) and Watson Pharma (NYSE: WPI) announced that
they will collaborate to develop oncology biosimilars. This technology will capitalize on each company's strengths.Today's Movers include:
Winn-Dixie Stores (NASDAQ: WINN) +70.6% after acquisition announcement by Bi-Lo
VirnetX Holding Corp (NYSE: VHC) +16.3% on heavy volume
LDK Solar (NYSE: LDK) +11.9% on heavy volume
JAKKS Pacific (NASDAQ: JAKK) -19.3% after cutting its earnings forecast
Gafisa (NYSE: GFA) -13.2% on poor Bovespa performance
Eldorado Gold Corp (NYSE: EGO) -13.8% after announcing that it will acquires European Goldfields for $2.4 billion
This concludes your news summary for December 19, 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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