Monday, January 23, 2012
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.
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Benzinga's Top News
- Halliburton (NYSE: HAL) reports Q4 Cont Ops EPS $1.00 vs $0.99 Est; Revenues $7.1B vs $6.83B Est
- International Rectifier (NYSE: IRF) lowers Q2 Revs Guidance $229-230M from $240-270M Prior vs $253.5M Est
- Prospect Capital (NASDAQ: PSEC) enter into definitive agreement to sell NRG, Prospect expected to receive up to $114M in cash.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 22 points.
- U.S. Dollar trades about 0.46% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.65%, Germany's DAX advanced 0.44% and France's CAC 40 gained 0.55% on the session.
- Asian stocks ended the session higher. China's Shanghai advanced 1.03%, Japan's Nikkei 225 lost 0.01%, and Hong Kong's Hang Seng closed till Wednesday, Lunar New Year.
To see more overseas news, click here.
Upgrades/Downgrades
- Deutsche Bank upgrades Research In Motion (NASDAQ: RIMM) to Hold
- JP Morgan upgrades Waters Corporation (NYSE: WAT) to Overweight
To see more of today's upgrades, click here.
- J.P. Morgan downgrades McMoRan Exploration (NYSE: MMR) to Underweight
- Bank of America downgrades SunTrust Banks (NYSE: STI) to Underperform
To see more of today's downgrades, click here.
On the Economic Calendar
- No Major Economic Numbers this Morning
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Earnings
- Halliburton (NYSE: HAL) reports Q4 Cont Ops EPS $1.00 vs $0.99 Est; Revenues $7.1B vs $6.83B Est
To see more earnings announcements, click here.
Corporate News
- International Rectifier (NYSE: IRF) lowers Q2 Revs Guidance $229-230M from $240-270M Prior vs $253.5M Est
- Prospect Capital (NASDAQ: PSEC) enter into definitive agreement to sell NRG, Prospect expected to receive up to $114M in cash.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.58%
- Energy futures are trading higher, with crude oil posting gains of about 0.93%
- Natural Gas futures are lower by about 2.13% and copper is trading higher by about 1.17%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and Forex| Name | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
| E-Mini S&P 500 | 1316 | 1313 | 1309 | 1306 | 1302 |
| Gold | 1681 | 1674 | 1659 | 1652 | 1637 |
| Crude | 102.00 | 100.19 | 99.25 | 97.30 | 96.22 |
| Natural Gas | 2.40 | 2.36 | 2.32 | 2.29 | 2.25 |
| EUR/USD | 1.3033 | 1.2981 | 1.2934 | 1.2882 | 1.2834 |
| US Dollar Index | 80.84 | 80.59 | 80.39 | 80.14 | 79.94 |
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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.