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.
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Debates over the fiscal cliff continue as a resolution seems far in the distance. As the deadline nears, it has become apparent that markets are becoming more and more focused on the indecision by politicians. The House is set to begin session at 10:00 AM while the Senate will begin at 11:00 AM. Stay tuned to Benzinga for the latest updates on the fiscal cliff talksEquities Trading UP
Lexicon Pharmaceuticals (NASDAQ: LXRX) saw a boost in early trading, rising 16.23 percent to $2.22 after its drug was placed on the FDA's fast track for approval.Shares of Herbalife (NYSE: HLF) saw another boost Monday, gaining 10.52 percent to $32.48 as traders continue to position themselves around the ongoing battle between activist investor Bill Ackman's short position and the company's leadership.Duff & Phelps (NYSE: DUF) was also up, boosting 20.00 percent to $15.66 after it was reported that the Carlyle Group had agreed to acquire the company.Equities Trading DOWN
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In commodity news, oil traded up 0.54 percent to $91.29, while gold traded up 0.95 percent to $1,671.40.Silver traded up 0.28 percent Monday to $30.26.Euro zone
European markets were mostly down this morning as fiscal cliff talks continued to struggle along in the US as the deadline is now within hours.Economics
In economic news for Monday, the Dallas fed manufacturing activity was released coming in at 6.8, far above the anticipated -1.0 and the prior release of -2.8.
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.