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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The S&P 500 looks to be struggling with its 1,525 resistance, while still holding its 1,495 support.The Dow will also struggle to hold its breakout over 14,058, with 14,149 acting as upper level resistance, while the 20 EMA provides support below at 13,950.The Russel struggles with its 916 resistance, while holding lower support at 894.Finally, the NASDAQ looks to have resistance at 3,180 with lower support at 3,120 and 50 EMA support at 3,126.58.Top Headline
Hess (NYSE: HES) announced its plans to exit its retail, energy marketing, and energy trading businesses.The company also announced its plans to buy back up to $4 billion in stock and raise its annual dividend to $1 per share.Equities Trading UP
Stratasys (NASDAQ: SSYS) shot up 11.62 percent to $71.73 after the company reported better-than-expected Q4 results.Shares of Radian Group (NYSE: RDN) got a boost, shooting up 5.78 percent to $9.70 after analysts at Keefe Bruyette upgraded the stock from “market perform” to “outperform.”.Boyd Gaming (NYSE: BYD)was also up, gaining 10.06 percent to $7.11 after the company reported Q4 results and entered into a definitive agreement to sell the Echelon site to the Genting Group for $350 million in cash..
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In commodity news, oil traded down 0.15 percent to $90.54, while gold traded up 0.32 percent to $1,577.30.Silver traded up 0.47 percent Monday to $28.63, while copper rose 0.37 percent to $3.51.Eurozone
European shares were mostly lower save for Spain in early trade on fears of a global slowdown led by China and on Italian political fears.Spain's unemployment rate rose to a massive 27 percent in February as more than 59 thousand workers filed for new unemployment claims in Spain.The Spanish Ibex Index gained 0.49 percent and the Italian FTSE MIB Index dipped 0.32 percent. The STOXX Europe 600 Index fell 0.11 percent, London's FTSE 100 Index dropped 0.46 percent, French CAC 40 Index rose 0.03 percent and German DAX 30 index fell 0.16 percent.Economics
On the economics calendar Monday, the Treasury is set to auction 3- and 6-month bills. Also, the TD Ameritrade Investor Movement Index should shed light on retail flows in February.
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.