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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Yesterday, Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) reported upbeat quarterly results.Ulta's quarterly earnings came in at $0.70 per share on revenue of $601 million, versus a year-ago profit of $0.54 per share on sales of $481.7 million. Equities Trading UP
Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) shot up, gaining 15.32 percent to $115.50, after the company reported upbeat results.United Natural Foods (NASDAQ: UNFI) was also up 10.60 percent to $66.32, after the company reported a 28% rise in its fiscal fourth quarter.Safeway (NYSE: SWY) got a boost, shooting up 5.39 percent to $28.02 after Credit Suisse upgraded the stock to Outperform.Equities Trading DOWN
Under Armour (NYSE: UA) was down, falling 2.28 percent to $78.75, after Credit Suisse downgraded the stock to Neutral.Summit Hotel Properties (NYSE: INN) shares tumbled 6.86 percent to $9.09 after the company priced 15 million share offering at $9.20 per share.Stratasys (NASDAQ: SSYS) was down 4.21 percent to $93.68 after the company priced 4.5 million shares of ordinary shares at $93.00 per share.Commodities
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European shares were slightly lower on Friday. The Spanish Ibex Index fell 0.12 percent and the Italian FTSE MIB Index dropped 0.39 percent. Meanwhile, the German DAX declined 0.13 percent and the French CAC 40 fell 0.11 percent while U.K. shares declined 0.37 percent.Economics
US wholesale prices rose 0.3% in August, while core wholesale prices came in unchanged in the month. However, economists were expecting a 0.2% rise.US retail sales climbed 0.2% in August, less than analysts expected.The University of Michigan Consumer Confidence reading dropped to a preliminary reading of 76.8 in September, versus a final August reading of 82.1.US business inventories rose 0.40% in July, versus economists' expectations for a 0.20% rise.
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.