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. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 100 points on Monday.
The Dow traded down 0.26% to 33,659.21 while the NASDAQ fell 1.08% to 11,025.99. The S&P 500 also fell, dropping, 0.50% to 3,945.32.
Also check this: Investor Optimism Declines After US Stocks Settle Lower
Leading and Lagging Sectors
Consumer staples shares rose by 0.7% on Monday. Leading the sector was strength from Zevia PBC (NYSE:ZVIA) and Vital Farms, Inc. (NASDAQ:VITL).
In trading on Monday, energy dipped by 2.7%.
Top Headline
Walt Disney Co's (NYSE:DIS) replaced CEO Bob Chapek with Robert Iger, the company's former chairman and CEO, who left the company at the end of last year.
Equities Trading UP
- Imago BioSciences, Inc. (NASDAQ:IMGO) shares shot up 105% to $35.60 after Merck announced it would acquire the company for $36 per share in cash.
- Shares of GrafTech International Ltd. (NYSE:EAF) got a boost, shooting 28% to $5.39 after the company said it could resume operations at its Monterrey, Mexico facility.
- Freight Technologies, Inc. (NASDAQ:FRGT) shares were also up, gaining 18% to $0.36 after the company reported Q3 earnings results.
Equities Trading DOWN
- TuanChe Limited (NASDAQ:TC) shares tumbled 77% to $1.5579. Tuanche reported pricing of $15 million registered direct offering.
- Shares of G Medical Innovations Holdings Ltd (NASDAQ:GMVD) were down 27% to $3.85 after the company reported first half 2022 financial results and issued a business update.
- Niu Technologies (NASDAQ:NIU) was down, falling 14% to $3.04 after reporting downbeat quarterly earnings.
Also check out: Market Volatility Increases Slightly After S&P 500 Records Weekly Loss
Commodities
In commodity news, oil traded down 5.2% to $75.92 while gold traded down 1.1% at $1,734.90.
Silver traded down 1.3% to $20.735 on Monday while copper fell 1.9% to $3.5615.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.06%, London’s FTSE 100 fell 0.12% while Spain’s IBEX 35 Index rose 0.75%. The German DAX fell 0.36%, French CAC 40 fell 0.15% and Italy’s FTSE MIB Index fell 1.29%.
The annual producer inflation in Germany eased to 34.5% in October versus a record level of 45.8% in the prior month.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with the Japan’s Nikkei gaining 0.16% and Hong Kong’s Hang Seng Index falling 1.87%. China’s Shanghai Composite Index fell 0.39%.
The annual inflation rate in Hong Kong fell to 1.8% in October compared to a seven-year high of 4.4% in the prior month. The People's Bank of China maintained its key lending rates at November fixing.
Economics
The Chicago Fed National Activity Index declined to -0.05 in October versus a revised reading of +0.17 in September.
Check out this: Dow Jumps Around 200 Points, But Investor Sentiment Decreases Slightly
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 100,209,100 cases with around 1,102,660 deaths. India confirmed a total of at least 44,670,430 cases and 530,580 deaths, while France reported over 37,348,830 COVID-19 cases with 158,160 deaths. In total, there were at least 643,209,060 cases of COVID-19 worldwide with more than 6,626,370 deaths.
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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