Friday, March 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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This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Darden Restaurants (NYSE: DRI) Reports Q1 EPS $1.25 vs $1.24 Est; Revenues $2.16B vs $2.14B Est
- Zynga's (NASDAQ: ZNGA) CEO to Sell 15% of His Stake in Secondary Offering
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 7 points.
- U.S. Dollar trades about 0.43% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.11%, Germany's DAX slid 0.14% and France's CAC 40 fell 0.43% on the session.
- Asian stocks ended the session lower as well. China's Shanghai fell 1.03%, Japan's Nikkei 225 lost 1.14%, and Hong Kong's Hang Seng slid 1.11%.
To see more overseas news, click here.
Upgrades/Downgrades
- JP Morgan Upgrades The Mosaic (NYSE: MOS) from Neutral to Overweight, Raises PT from $57 to $68
- Citigroup Upgrades DuPont Fabros Technology (NYSE: DFT) from Neutral to Buy, Raises PT from $20.5 to $27
To see more of today's upgrades, click here.
- Citigroup Downgrades CoreSite Realty (NYSE: COR) from Buy to Neutral, Raises PT from $19.5 to $23.5
- Piper Jaffray Downgrades The Wet Seal (NASDAQ: WTSLA) from Overweight to Neutral, Lowers PT from $4 to $3.5
To see more of today's downgrades, click here.
On the Economic Calendar
- 10:00 a.m. ET - New Home Sales
To see more economic news, click here
Earnings
- Darden Restaurants (NYSE: DRI) Reports Q1 EPS $1.25 vs $1.24 Est; Revenues $2.16B vs $2.14B Est
To see more earnings announcements, click here.
Corporate News
- Zynga's (NASDAQ: ZNGA) CEO to Sell 15% of His Stake in Secondary Offering
- Vipshop (NYSE: VIPS) Announces Pricing of 11M Share Initial Public Offering at $6.50 per ADS
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.43%
- Energy futures are trading higher, with crude oil posting early gains of about 0.34%
- Natural Gas futures are higher by about 0.35% and copper is trading higher by about 1.12%
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 | 1405 | 1397 | 1389 | 1391 | 1374 |
| Gold | 1666 | 1655 | 1641 | 1630 | 1616 |
| Crude | 107.89 | 106.73 | 105.62 | 104.46 | 103.35 |
| Natural Gas | 2.42 | 2.34 | 2.29 | 2.21 | 2.16 |
| EUR/USD | 1.3316 | 1.3257 | 1.3195 | 1.3137 | 1.3075 |
| US Dollar Index | 80.46 | 80.18 | 79.91 | 79.63 | 79.37 |
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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.