Tuesday, April 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
- PVR Partners (NYSE: PVR) Announces $1B Acquisition of Marcellus Shale Midstream Pipeline Systems from Chief
- ERT (NYSE: ERT) Announces Acquisition by Genstar Capital for $8/Share or $400M
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 20 points.
- U.S. Dollar trades about 0.31% higher.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 1.02%, Germany's DAX fell 1.07% and France's CAC 40 dropped 1.53% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.89%, Japan's Nikkei 225 slid 0.09%, and Hong Kong's Hang Seng dropped 1.15%.
Upgrades/Downgrades
- Morgan Stanley Upgrades Dell (NASDAQ: DELL) from Underweight to Equal-weight, Removes PT of $15
- Citigroup Upgrades Harley-Davidson (NYSE: HOG) from Neutral to Buy, Raises PT from $50 to $55
- JP Morgan Downgrades Jacobs Engineering Group (NYSE: JEC) from Overweight to Neutral, Maintains PT at $52.5
- Jefferies & Company Downgrades Halozyme Therapeutics (NASDAQ: HALO) from Buy to Hold, Maintains PT at $10
On the Economic Calendar
- 07:30 a.m. ET - NFIB Small Business Optimism
- 08:55 - Redbook (MoM)
- 10:00 - IBD/TIPP Economic Optimism
- 10:00 - Wholesale Inventories (MoM)
- 11:30 - 4-Week Bill Auction
- 12:30 - FOMC Member Fisher Speaks
- 13:00 - 3-Year Note Auction
Earnings
- No Major Earnings this Morning
Corporate News
- PVR Partners (NYSE: PVR) Announces $1B Acquisition of Marcellus Shale Midstream Pipeline Systems from Chief
- ERT (NYSE: ERT) Announces Acquisition by Genstar Capital for $8/Share or $400M
- TE Connectivity (NYSE: TEL) Announces Agreements to Sell its Touch Solutions and Professional Services Businesses for $380M
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.05%
- Energy futures are trading lower, with crude oil posting early losses of about 0.6%
- Natural Gas futures are lower by about 0.2% and copper is trading higher by about 0.04%
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini S&P 500 | 1386 | 1380 | 1376 | 1370 | 1367 |
Gold | 1655 | 1648 | 1643 | 1636 | 1630 |
Crude | 103.64 | 102.90 | 101,84 | 101.11 | 100.06 |
Natural Gas | 2.15 | 2.13 | 2.09 | 2.07 | 2.04 |
EUR/USD | 1.3180 | 1.3142 | 1.3094 | 1.3057 | 1.3009 |
US Dollar Index | 80.43 | 80.19 | 80.01 | 79.78 | 79.60 |
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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.