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.
Friday, June 22, 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 58 points.
- U.S. Dollar trades about 0.02% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.79%, Germany's DAX fell 0.60% and France's CAC 40 slid 0.36% on the session.
- Asian stocks ended the session lower as well. China's Shanghai fell 1.35%, Japan's Nikkei 225 added 0.29%, and Hong Kong's Hang Seng slid 1.40%.
- Brazil and China Agree to $30 billion-Currency Swap Deal
To see more overseas news, click here.
Upgrades/Downgrades
- Piper Jaffray Upgrades The Fresh Market (NYSE: TFM) from Neutral to Overweight, Announces PT of $60
To see more of today's upgrades, click here.
- McAdams Wright Ragen Downgrades Nike (NYSE: NKE) from Hold to Sell, Removes PT
To see more of today's downgrades, click here.
On the Economic Calendar
- No Major Economic Releases Today
To see more economic news, click here
Earnings
- Darden Restaurants (NYSE: DRI) Reports Q4 EPS $1.15 vs $1.15 Est; Revenues $2.07B vs $2.11B Est
To see more earnings announcements, click here.
Corporate News
- Repligen (NASDAQ: RGEN) Receives CRL; FDA Determined More Clinical Efficacy, Safety Trial Data Will Be Required
- Monster Beverage (NASDAQ: MNST) Joins S&P500, Replacing Sara Lee (NYSE: SLE)
- Yesterday, Moody's Investors Service Lowered The Credit Ratings of 15 Banks.
- Yesterday, Ryder (NYSE: R) Cut Forecast; Guided Q2 EPS $0.90-0.95 Had Seen $1.07-1.12; FY EPS to $3.65-3.85, Had Seen $4.02-4.12
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.19%
- Energy futures are trading higher, with crude oil posting early gains of about 0.45%
- Natural Gas futures are trading 0.12% higher and copper is trading lower by about 0.59%
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 | 1365 | 1341 | 1329 | 1306 | 1293 |
| Gold | 1619 | 1592 | 1578 | 1551 | 1538 |
| Crude | 82.11 | 80.04 | 78.98 | 76.91 | 75.85 |
| Natural Gas | 2.70 | 2.64 | 2.57 | 2.50 | 2.44 |
| EUR/USD | 1.2756 | 1.2647 | 1.2589 | 1.2480 | 1.2421 |
| US Dollar Index | 83.23 | 82.89 | 82.28 | 81.94 | 81.33 |
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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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