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!
Costco Wholesale (NASDAQ: COST) reported a rise in its fiscal third-quarter net profit.Costco's quarterly profit climbed to $459 million, or $1.04 per share, versus $386 million, or $0.88 per share, in the year-earlier period.Its net sales rose 8% to $23.55 billion from $21.85 billion, while comparable sales increased 5%. Costco's total revenue for the period came in at $24.08 billion. However, analysts were projecting earnings of $1.02 per share on revenue of $24.09 billion.Equities Trading UP
NV Energy (NYSE: NVE) shot up, gaining 22.28 percent to $23.58, after Berkshire Hathaway's (NYSE: BRK-B) subsidiary MidAmerican Energy Holdings Co said that it will acquire NV Energy for $23.75 per share, or $5.59 billion..Clearwire (NASDAQ: CLWR) was also up 22.70 percent to $4.27, after Dish Network (NASDAQ: DISH) lifted its offer for the company to $4.40 per share in cash.Avago Technologies (NASDAQ: AVGO) got a boost, shooting up 10.17 percent to $37.93 on upbeat Q2 results.Equities Trading DOWN
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
In commodity news, oil traded down 0.23 percent to $92.92, while gold gained 1.74 percent to $1,415.50.Silver traded up 2.37 percent Thursday to $22.99, while copper rose 0.70 percent to $3.32.Euro zone
European shares traded mostly higher overnight save for shares in Spain as the government announced that GDP fell 0.5 percent last month, in line with expectations, but the previous month's figure was reduced to -0.8 percent growth from the initial estimate of -0.5 percent.The Spanish Ibex Index fell 0.10 percent and the Italian FTSE MIB Index gained 0.56 percent. Meanwhile, the German DAX climbed 0.74 percent and the French CAC 40 surged 0.59 percent while U.K. shares rose 0.30 percent.Economics
US jobless claims surged 10,000 to 354,000 in the week ending May 25. However, economists were expecting claims to increase to 345,000 in the same week.The US economy grew at an annual rate of 2.4% in the first quarter, versus an initial estimate of 2.5%. However, economists were expecting growth rate of 2.5%.The Bloomberg Consumer Confidence Index declined to -29.70 for the week ending May 26, versus a prior reading of -29.40.Pending sales of homes rose 0.30% in April, versus a prior reading of 1.50%. The pending-home-sales index surged to 106 in April, versus 105.7 in March.Natural gas supplies rose 88 billion cubic foot for the week ended May 24, the US Energy Information Administration reported. However, analysts were expecting a rise between 87 billion cubic feet and 91 billion cubic feet.Crude-oil supplies increased 3 million barrels to 397.6 million barrels for the week ended May 24, the US Energy Department reported. However, analysts were expecting a 1.5 million-barrel drop.The Treasury is set to auction 7-year notes. Data on money supply will be released at 4:30 p.m. ET.
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.