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.
U.S. indices rallied into Monday's close as stocks recovered following Friday's weakness. Federal Reserve rate hike concerns, the Russia-Ukraine conflict, China COVID cases and earnings have pressured markets in recent sessions.
The ISM manufacturing PMI dropped for a second straight month to 55.4 in April from 57.1 in March. Analysts were expecting a reading of 57.6.
A closed meeting of the Board of Governors of the Federal Reserve System will take place Tuesday morning. A rate hike of 50 basis points is possible for May as the Fed has indicated it may move quicker on rate hikes to curb inflation.
- The Nasdaq composite finished higher by 1.63% to 12,536; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 1.67% to $318.48
- The S&P 500 traded higher by 0.57% to 4,155; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 0.60% to $414.48
- The Dow Jones composite finished higher by 0.05% to 11,300; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 0.32% at $330.74
Here are the day's winners and losers from the Dow Jones, according to data from Benzinga Pro.
Intel Corporation (NASDAQ:INTC), Chevron Corporation (NYSE:CVX) and Honeywell International Inc (NASDAQ:HON) were among the top gainers for the DIA.
American Express Company (NYSE:AXP), Coca-Cola Co (NYSE:KO) and UnitedHealth Group Inc (NYSE:UNH) were among the top losers for the Dow Jones.
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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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