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.
U.S. stocks closed lower with the Dow Jones dropping 500 points on Friday. Here is the list of some big stocks recording losses in the previous session.
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- 5E Advanced Materials Inc. (NASDAQ:FEAM) shares dipped 27.6% to close at $10.16.
- Carnival Corporation (NYSE:CCL) declined 23.3% to close at $7.03 after the company reported worse-than-expected Q3 EPS and sales results.
- Rent-A-Center Inc (NASDAQ:RCII) dropped 21.6% to close at $17.51 as the company lowered its earnings guidance for the third quarter and named Mr. Fahmi Karam as new Executive Vice President - Chief Financial Officer.
- Ocular Therapeutix, Inc. (NASDAQ:OCUL) dropped 19.1% to close at $4.15. Ocular Therapeutix 10%+ owner Summer Road LLC reported purchase of 150,000 at an average price of $4.59 per share in Form 4 filing on Thursday.
- Century Aluminum Company (NASDAQ:CENX) dropped 18.3% to close at $5.28 after Wolfe Research downgraded the stock from Peer Perform to Underperform.
- Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) fell 18% to close at $11.36 in sympathy with Carnival, which fell after the company reported worse-than-expected Q3 financial results.
- Grove Collaborative Holdings, Inc. (NYSE:GROV) dipped 17.3% to close at $2.24.
- Reading International, Inc. (NASDAQ:RDIB) fell 15.8% to close at $18.70.
- Golden Sun Education Group Limited (NASDAQ:GSUN) dropped 15.3% to close at $27.45.
- Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) shares fell 15% to close at $13.95 after the company announced its REVERSE Phase 3 study of obeticholic acid did not meet its primary endpoint.
- Royal Caribbean Cruises Ltd. (NYSE:RCL) fell 13.2% to close at $37.90 in sympathy with Carnival, which fell after the company reported worse-than-expected Q3 financial results.
- NIKE, Inc. (NYSE:NKE) fell 12.8% to close at $83.12. NIKE reported better-than-expected earnings and sales results for its first quarter on Thursday. However, the company reported a rise in quarter-ended inventories and revenue in the Greater China region also declined from a year ago.
- GigaCloud Technology Inc. (NASDAQ:GCT) dipped 11.8% to close at $10.11. GigaCloud Technology reported second-quarter FY22 sales growth of 11% year-on-year to $124 million.
- Karat Packaging Inc. (NYSE:KRT) dropped 11.4% to close at $15.99.
- Worthington Industries, Inc. (NYSE:WOR) declined 11.3% to settle at $38.14. BMO Capital maintained Worthington Industries with a Market Perform and lowered the price target from $58 to $52.
- Under Armour, Inc. (NYSE:UAA) dipped 9.8% to settle at $6.65.
- Li-Cycle Holdings Corp. (NYSE:LICY) dropped 9.5% to close at $5.32. Morgan Stanley maintained Li-Cycle Holdings with an Equal-Weight and lowered the price target from $8 to $7.
- LifeStance Health Group, Inc. (NASDAQ:LFST) declined 9.2% to settle at $ 6.62.
- AMTD Digital Inc. (NYSE:HKD) fell 8.2% to close at $46.80.
- Agiliti, Inc. (NYSE:AGTI) declined 7.7% to settle at $14.31.
- The Aaron's Company, Inc. (NYSE:AAN) dropped 7.5% to settle at $9.72.
- DICK'S Sporting Goods, Inc. (NYSE:DKS) fell 7.4% to close at $104.64. Shares of retail and apparel companies at large traded lower in sympathy with Nike, which fell after the company reported first-quarter financial results.
- Eve Holding, Inc. (NYSE:EVEX) dropped 7% to settle at $9.24. Eve said it expects to recognize certain non-cash expenses associated with issuance of certain warrants for three months ended June 30, 2022.
- Lululemon Athletica Inc. (NASDAQ:LULU) dipped 6.9% to close at $279.56 in sympathy with Nike, which fell after the company reported first-quarter financial results.
- Foot Locker, Inc. (NYSE:FL) dropped 4.8% to close at $31.13. Shares of retail and apparel companies traded lower in sympathy with Nike, which fell after the company reported Q1 financial results. Foot Locker 10% owner Daniel Kretinsky sold a total of 308,663 shares at an average price of $34.87.
- Apple Inc. (NASDAQ:AAPL) fell 3% to close at $138.20.
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.