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.
US gold futures traded mostly flat on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.
DexCom
- The Trade: DexCom, Inc. (NASDAQ:DXCM) EVP Managing Director Dexcom V Steven R Pacelli sold a total of 1,000 shares at an average price of $83.07. The insider received around $83.07 thousand from selling those shares.
- What’s Happening: Bernstein recently initiated coverage on the stock with an Outperform rating and $105 price target.
- What DexCom Does: Dexcom designs and commercializes continuous glucose monitoring systems for diabetics. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to include the disposable sensor and the durable receiver.
Nasdaq
- The Trade: Nasdaq, Inc. (NASDAQ:NDAQ) Executive Vice President Roland Chai sold a total of 2,832 shares at an average price of $170.89. The insider received around $483.96 thousand as a result of the transaction.
- What’s Happening: Nasdaq recently reported better-than-expected Q2 EPS and sales results and announced a 3-for-1 stock split.
- What Nasdaq Does: Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%).
Have a look at our premarket coverage here .
Ciena
- The Trade: Ciena Corporation (NYSE:CIEN) President, CEO Gary B Smith sold a total of 3,542 shares at an average price of $49.21. The insider received around $174.3 thousand from selling those shares.
- What’s Happening: JP Morgan recently maintained Ciena with an Overweight and lowered the price target from $72 to $62.
- What Ciena Does: Ciena Corp is a network strategy and technology company.
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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