27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Although US stock futures traded mixed this morning after recording sharp gains in the previous session, there were a few notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.
Dakota Territory Resource
- The Trade: Dakota Territory Resource Corp. (OTC:DTRC) President and CEO Jonathan Awde acquired a total of 8,000 shares at an average price of $4.32. To acquire these shares, it cost $34.56 thousand.
- What’s Happening: The company’s stock dropped about 4% over the past month.
- What Dakota Territory Resource Does: Dakota Territory Resource Corp is an exploration stage company engaged in the acquisition, development, and exploration of mineral properties.
ServiceSource International
- The Trade: ServiceSource International, Inc. (NASDAQ:SREV) 10% owner Jonathan Brolin acquired a total of 77,399 shares at an average price of $1.00. The insider spent $77.4 thousand to buy those shares.
- What’s Happening: The company, during November, reported Q3 sales of $48.60 million.
- What ServiceSource International Does: ServiceSource International Inc is a provider of customer and revenue lifecycle management solutions. The firm operates in a single segment which is focused on service offerings that integrate data, processes and cloud technologies.
Superior Industries International
- The Trade: Superior Industries International, Inc. (NYSE:SUP) 10% owner Thomas Lynch acquired a total of 143,108 shares at an average price of $3.93. To acquire these shares, it cost $562.31 thousand.
- What’s Happening: Superior Industries, during November, reported a Q3 loss of $0.61 per share.
- What Superior Industries International Does: Superior Industries International Inc is a manufacturer of aluminum wheels for passenger automobiles and light-duty vehicles.
Also check out these stocks insiders are selling
PLAYSTUDIOS
- The Trade: PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Chairman and CEO Andrew Pascal acquired a total of 32,500 shares at an average price of $3.77. The insider spent $122.63 thousand to buy those shares.
- What’s Happening: PLAYSTUDIOS, in November, expanded into the popular puzzle game genre as the exclusive developer and publisher of the Tetris game franchise for mobile devices.
- What PLAYSTUDIOS Does: PLAYSTUDIOS Inc is engaged in gaming and related business. Some of the games offered by the company include My Vegas Bingo, My Vegas Slots, POP Slots, and Kingdom Boss.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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