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.
Wednesday, March 7, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- The Bon-Ton Stores (NASDAQ: BONT) Reports Q1 EPS $3.07 vs $3.19 Est; Revenues $983.20M vs $1.00B Est
- Express Reports (NASDAQ: EXPR) Q1 EPS $0.7 vs $0.68 Est; Revenues $673.20M vs $676.57M Est
- O'Charley's (NASDAQ: CHUX) Announces End of "Go-Shop" Period; No Other Bids.
- GE (NYSE: GE) and Chesapeake Energy (NYSE: CHK) Announce Collaboration to Speed Adoption of Natural Gas as Transportation Fuel.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 51 points.
- U.S. Dollar trades about 0.11% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.35%, Germany's DAX gained 0.21% and France's CAC 40 advanced 0.64% on the session.
- Asian stocks ended the session lower. China's Shanghai slid 0.64%, Japan's Nikkei 225 fell 0.64%, and Hong Kong's Hang Seng dropped 0.86%.
To see more overseas news, click here.
Upgrades/Downgrades
- Sterne Agee Upgrades Dicks Sporting Goods (NYSE: DKS) from Underperform to Neutral
- Piper Jaffray Upgrades Medidata Solutions (NASDAQ: MDSO) from Underweight to Neutral, Raises PT from $16 to $23
To see more of today's upgrades, click here.
- Citigroup Downgrades Pandora (NYSE: P) from Buy to Neutral, Lowers PT from $25 to $17
- Jefferies & Company Downgrades Kraft Foods (NYSE: KFT) from Buy to Hold, Raises PT from $40 to $41
To see more of today's downgrades, click here.
On the Economic Calendar
- US MBA Mortgage Applications (1.2%) vs (0.3%) Prior
- ADP Employment Change is set to report at 8:15 a.m. ET
- Nonfarm Productivity is due at 8:30 a.m.
To see more economic news, click here
Earnings
- The Bon-Ton Stores (NASDAQ: BONT) Reports Q1 EPS $3.07 vs $3.19 Est; Revenues $983.20M vs $1.00B Est
- Express Reports (NASDAQ: EXPR) Q1 EPS $0.7 vs $0.68 Est; Revenues $673.20M vs $676.57M Est
To see more earnings announcements, click here.
Corporate News
- O'Charley's (NASDAQ: CHUX) Announces End of "Go-Shop" Period; No Other Bids.
- GE (NYSE: GE) and Chesapeake Energy (NYSE: CHK) Announce Collaboration to Speed Adoption of Natural Gas as Transportation Fuel.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.65%
- Energy futures are trading higher, with crude oil posting early gains of about 0.48%
- Natural Gas futures are lower by about 1.74% and copper is trading higher by about 0.29%
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 | 1371 | 1356 | 1347 | 1332 | 1323 |
| Gold | 1721 | 1698 | 1683 | 1657 | 1640 |
| Crude | 107.95 | 106.48 | 105.50 | 104.02 | 103.03 |
| Natural Gas | 2.41 | 2.37 | 2.35 | 2.32 | 2.30 |
| EUR/USD | 1.3246 | 1.3178 | 1.3140 | 1.3073 | 1.3035 |
| US Dollar Index | 80.25 | 80.07 | 79.75 | 79.57 | 79.25 |
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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.
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