December 29, 2011 4:25 PM | 2 min read |
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.
This is your Benzinga news summary and traders' summary for Thursday, December 29, 2011, covering headlines from the day and Wednesday's after-hours session.Today in the domestic after-hours session, U.S equity indices trended higher. At last check, the Dow Jones Industrial Average is up by about 135 points or 1.12% and the U.S. dollar trades lower near the $80.80 level.Earlier this morning, RBC Capital upgraded News Corp (NYSE: NWSA) to Top Pick and Roth Capital upgraded Hollisys Automation Technologies (NASDAQ: HOLI) to Buy. View all of today's upgrades here.Miller Tabak downgraded City National (NYSE: CYN) to Hold and Raymond James downgraded Edenor (NYSE: EDN) to Market Perform. View all of today's downgrades here.Overseas, European markets ended lower in their trading sessions. Britain's FTSE 100 increased by 1.08 %, Germany's DAX gained 1.34 % and France's CAC 40 rallied by 1.84% on the session. Asian stocks ended the session mixed. China's Shanghai Index gained 0.16%, Japan's Nikkei 225 slid 0.29%, and Hong Kong's Hang Seng Index tumbled 0.65%.On the economic calendar, Initial Jobless Claims came in at 381K versus an estimate of 370K; Pending Home Sales MoM came in at 7.3% versus an estimate of 1.5%.On the commodity front, gold and silver futures are higher in after-hours trading, with gold trading higher at about $1547.90 per ounce and silver trading higher at about $27.82 per ounce. Energy futures are lower with crude oil up over 0.3% near the $99.70 level and gasoline trading higher by about 1%. Natural Gas futures are lower by about 2.5 % and copper futures are trading over 0.3 % higher this evening.In corporate news, Gladstone Commercial Corp (NASDAQ: GOOD) announced that it acquired property in Pittsburgh for $4.2M .Fushi Copperweld (NASDAQ: FSIN) today announced that it has received an offer to become private, at $9.50 per share.Imperial Sugar Company (NASDAQ: IPSU) today announced that it has delayed its 10-K because it has not received audited financials from a major equity holder.Today's movers include:
Hollysys Automation Technologies (NASDAQ: HOLI) +17.1% after securing contract with a Chinese company
Ivanhoe Energy (NASDAQ: IVAN) +15.7% on heavy volume
DexCom (NASDAQ: DXCM) +10.1% on positive analyst sentiment
Deckers Outdoor Corporation (NASDAQ: DECK) -8% after entering new financing agreement
StoneMor Partners (NYSE: STON) -5.8% on heavy volume
Danaos Corporation (NYSE: DAC) -5.4% on low volume
This concludes your news summary for December 29, 2011.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.