Benzinga's PreMarket Info Recap for August 20, 2013: Retail Earnings Day!

by Benzinga Staff
August 20, 2013 9:37 AM | 1 min read | Make a Comment

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.

Have you ever woken up to find that a stock in your portfolio made a dramatic move overnight? Are you interested in learning how to understand each day's post-market and pre-market moves?Veteran traders Joel Elconin and Dennis Dick will give you all of the insights that you'll need to get in on the action before the opening bell.Some highlights:

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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  • Retail earnings day
  • Reports from Urban Outfitters (NASDAQ: URBN), Best Buy (NYSE: BBY), Home Depot (NYSE: HD), JC Penney (NYSE: JCP) and Dick's Sporting Goods (NYSE: DKS)
  • A technical look at Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA)
  • Gold not giving back last weeks gains
  • Crude breaches major support at 106.40
Watch the video below for a recap of Tuesday morning's show.
Posted In: TechnicalsPre-Market OutlookMoversTrading IdeasDennis DickJoel ElconinPreMarket Info

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