Friday, February 10, 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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This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Alcatel-Lucent (NYSE: ALU) Reports Q4 EPS EUR0.19 vs EUR0.11 Est; Revenues EUR4.26B vs EUR4.22B Est
- NYSE Euronext (NYSE: NYX) Reports Q4 EPS $0.50 vs $0.48 Est; Revenues $628M vs $626.55M Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 70 points.
- U.S. Dollar trades about 0.32% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.52%, Germany's DAX fell 1.25% and France's CAC 40 lost 1.0% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.14%, Japan's Nikkei 225 slid 0.61%, and Hong Kong's Hang Seng fell 1.08%.
To see more overseas news, click here.
Upgrades/Downgrades
- Deutsche Bank Upgrades ConocoPhillips (NYSE: COP) to Buy
- Wedbush Upgrades ON Semiconductor (NASDAQ: ONNN) to Outperform
To see more of today's upgrades, click here.
- Deutsche Bank Downgrades O'Reilly Automotive (NASDAQ: ORLY) to Hold
- Benchmark Downgrades TripAdvisor (NASDAQ: TRIP) to Hold
To see more of today's downgrades, click here.
On the Economic Calendar
- US Trade Balance is set to report at 8:30 a.m. ET
- U of M Confidence Index is due at 9:55 a.m.
- US Monthly Budget Statement is set at 2:00 p.m.
To see more economic news, click here
Earnings
- Alcatel-Lucent (NYSE: ALU) Reports Q4 EPS EUR0.19 vs EUR0.11 Est; Revenues EUR4.26B vs EUR4.22B Est
- NYSE Euronext (NYSE: NYX) Reports Q4 EPS $0.50 vs $0.48 Est; Revenues $628M vs $626.55M Est
- Laboratory of America (NYSE: LH) Reports Q4 EPS $1.56 vs $1.53 Est; Revenues $1.37B vs $1.38B Est
To see more earnings announcements, click here.
Corporate News
- Recon Technology (NASDAQ: RCON) Announces Its Return to Compliance with Nasdaq
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 1.32%
- Energy futures are trading lower, with crude oil posting losses of about 1.51%
- Natural Gas futures are higher by about 0.28% and copper is trading lower by about 1.46%
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 | 1359 | 1353 | 1347 | 1341 | 1335 |
| Gold | 1765 | 1748 | 1738 | 1721 | 1710 |
| Crude | 100.96 | 100.38 | 99.60 | 99.02 | 98.25 |
| Natural Gas | 2.66 | 2.57 | 2.48 | 2.39 | 2.30 |
| EUR/USD | 1.3366 | 1.3325 | 1.3279 | 1.3238 | 1.3195 |
| US Dollar Index | 78.99 | 78.83 | 78.63 | 78.46 | 78.26 |
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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.