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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Smithfield Foods (NYSE: SFD) reported a drop in its first-quarter profit.Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.Equities Trading UP
Quiksilver (NYSE: ZQK) shot up 18.27 percent to $6.15 after the company reported upbeat fiscal third-quarter earnings.Shares of VeriFone Systems (NYSE: PAY) got a boost, shooting up 8.88 percent to $22.56 after the company reported better-than-expected fiscal third-quarter results.Finisar (NASDAQ: FNSR) was also up, gaining 7.55 percent to $24.57 after the company issued strong Q2 outlook.Equities Trading DOWN
Shares of Mattress Firm Holding (NASDAQ: MFRM) were down 14.66 percent to $35.58 after the company reported downbeat second-quarter results
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In commodity news, oil traded up 0.95 percent to $109.40, while gold traded up 0.77 percent to $1,383.60.Silver traded up 2.26 percent Friday to $23.78, while copper rose 0.94 percent to $3.27.Euro zone
European shares were higher today. The Spanish Ibex Index gained 1.32 percent, while Italy's FTSE MIB Index rose 1.37 percent. Meanwhile, the German DAX gained 0.43 percent and the French CAC 40 climbed 0.70 percent while U.K. shares rose 0.35 percent.Economics
The US economy added 169,000 jobs in August, while the country's unemployment rate declined to 7.3% from 7.4%. Economists were expecting a 173,000 gain in jobs in August.
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.