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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The S&P 500 looks to be overtaking 1,560 with 1,570/1,575 highs acting as the next resistance.The Dow looks to be taking 14,600 resistance with 14,700 acting as resistance above that.The Russell looks to be hitting its 20 EMA resistance at 934.76 and 940 resistance above that.Finally, the NASDAQ looks to break through its 3,200 resistance with 3,240 acting as resistance above that.Top Headline
After the close Monday, J.C. Penney (NYSE: JCP) announced that its CEO, Ron Johnson, had resigned.Following the news, shares jumped as much as ten percent, but quickly gave up the gains and went red once it was released that former CEO Mike Ullman would be taking back the helm.Shares are currently down 10.49 percent to $14.21.Equities Trading UP
Cliffs Natural Resources (NYSE: CLF) traded up 7.72 percent to $20.24 this morning after a group of miners have been rallying on Alcoa's (NYSE: AA) results after the close yesterday.Shares of Keryx Biopharmaceuticals (NASDAQ: KERX) was also up 11.99 percent to $8.22 on a coming opinion from a leading patent lawyer about one of Keryx's drugs.Allied Nevada Gold (NYSE: ANV) was also up, gaining 16.88 percent to $13.78 after releasing preliminary after the close Monday.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
In commodity news, oil traded up 0.78 percent to $94.09, while gold traded up 0.89 percent to $1,586.50.Silver traded up 2.58 percent Tuesday to $28.01, while copper rose 2.28 percent to $3.45.Eurozone
In the eurozone this morning, markets rose overnight as fears stemming from Portugal and Cyprus managed to blow over.The FTSE MIB index lead the charge, gaining 1.14 percent, while the Spanish Ibex was close behind, gaining 0.92 percent.Economics
There were no major economic releases Tuesday.
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.