October 11, 2013 5:20 AM | 1 min read |
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.
Some of the stocks that may grab investor focus today are:Wall Street expects JPMorgan Chase & Co (NYSE: JPM) to report its Q3 earnings at $1.19 per share on revenue of $23.94 billion. JPMorgan shares fell 0.23% to $52.40 in after-hours trading.Micron Technology (NASDAQ: MU) reported a weaker-than-expected FQ4 net profit. Micron shares fell 1.68% to $18.12 in the after-hours trading session.Analysts expect Wells Fargo & Company (NYSE: WFC) to report its Q3 earnings at $0.97 per share on revenue of $20.97 billion. Wells Fargo shares gained 2.68% to close at $41.44 yesterday.Gap (NYSE: GPS) reported a 3% drop in its same-store sales in September, versus a 6% rise in the year-ago month. However, analysts were expecting a 1.6% rise in comparable sales. Gap shares declined 5.14% to $37.64 in the after-hours trading session.Safeway (NYSE: SWY) reported a 58% drop in its third-quarter net income and announced its plans to exit the Chicago market by 2014. Safeway shares surged 5.64% to $33.35 in after-hours trading.
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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