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.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said CVS Health Corporation (NYSE:CVS) is a retailer that has a healthcare business. "It’s not a healthcare business that is a retailer, and retail means theft. I don’t know if you’ve been to a CVS lately, but you know, you got to have that, like, master key to be able to go get some Gillette razor blades. That’s not my way of shopping," he added.
When asked about Exact Sciences Corporation (NASDAQ:EXAS), he said, "I think they’re going to have to start making a lot more money. It’s been a sales story, I like earnings story right now."
Cramer said he likes Canadian Natural Resources Limited (NYSE:CNQ). "I think you got horse sense. I’d be a buyer of that," he added.
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Cramer said that even though he likes SoFi Technologies, Inc. (NASDAQ:SOFI), "it is a bank in the end, even though it’s a membership bank. And banks are all going back down again because we’re fighting the Fed, but I would stay long SoFi."
The "Mad Money" host said he wants to "stay away" from HF Sinclair Corporation (NYSE:DINO). "I’ve got so many other good oil companies," he noted.
Price Action: Shares of HF Sinclair gained 0.6% to close at $54.12, while SoFi fell 2.5% to $6.90 on Thursday. Canadian Natural Resources fell 0.2% to settle at $64.15, while Exact Sciences fell 0.7% to close at $61.38 on Thursday. CVS Health shares fell 0.8% to close at $67.98 during Thursday’s session.
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Photo: Shutterstock
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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