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.
Tuesday, June 19, 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
Domestic Pre-Market Trading
- U.S. Equity Markets trade up as Dow futures trade higher about 21 points.
- U.S. Dollar trades about 0.20% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 gained 0.83%, Germany's DAX advanced 0.31% and France's CAC 40 added 0.05% on the session.
- Asian stocks ended the session lower. China's Shanghai fell 0.65%, Japan's Nikkei 225 slid 0.75%, and Hong Kong's Hang Seng declined 0.06%.
To see more overseas news, click here.
Upgrades/Downgrades
- Bank of America Upgrades Kennametal (NYSE: KMT) from Underperform to Neutral, Maintains $36
To see more of today's upgrades, click here.
- Piper Jaffray Downgrades Expedia (NASDAQ: EXPE) from Overweight to Neutral, Maintains PT
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - Housing Starts
- 08:30 - Building Permits
- 08:55 - Redbook (MoM)
- 11:30 - 4-Week Bill Auction
To see more economic news, click here
Earnings
- Walgreen (NYSE: WAG) Reports Q3 EPS $0.62 vs $0.62 Est; Revenues $17.75B vs $17.87B Est
To see more earnings announcements, click here.
Corporate News
- Autodesk (NASDAQ: ADSK) Reaffirms Q2 and Full Year Fiscal 2013 Business Outlook; EPS $0.46-0.51 vs $0.49 Est
- Autodesk (NASDAQ: ADSK) Increases Share Repurchase Program to 30M Shares, or Totaling $1.4B
- Walgreens (NYSE: WAG) and Alliance Boots Form $6.7B Strategic Partnership; Increases Dividend 22.2%
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.32%
- Energy futures are trading higher, with crude oil posting early gains of about 0.17%
- Natural Gas futures are trading 0.08% lower and copper is trading lower by about 0.09%
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 | 1354 | 1347 | 1337 | 1330 | 1320 |
| Gold | 1641 | 1635 | 1624 | 1618 | 1607 |
| Crude | 86.60 | 84.98 | 83.70 | 82.05 | 80.74 |
| Natural Gas | 2.77 | 2.71 | 2.59 | 2.54 | 2.42 |
| EUR/USD | 1.2785 | 1.2680 | 1.2620 | 1.2514 | 1.2454 |
| US Dollar Index | 82.82 | 82.52 | 82.03 | 81.76 | 81.30 |
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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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