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.
Top Headline
Time Warner (NYSE: TWX) reported a rise in its third-quarter profit.
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Its total revenue came in at $6.86 billion versus $6.84 billion. However, analysts were estimating earnings of $0.89 per share on sales of $6.94 billion.
Equities Trading UPBlucora (NASDAQ: BCOR) shot up 15.51 percent to $28.00 after the company reported upbeat Q3 revenue.
Shares of AngloGold Ashanti (NYSE: AU) got a boost, shooting up 7.72 percent to $15.76 on Q3 results.
Ralph Lauren (NYSE: RL) was also up, gaining 3.91 percent to $177.88 after the company reported an upbeat FQ2 profit and lifted its dividend.Equities Trading DOWN
Shares of Tesla Motors (NASDAQ: TSLA) were down 13.29 percent to $153.32 after the company reported a better-than-expected Q3 profit, but issued a weak outlook for the fourth quarter.
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Abercrombie & Fitch Co (NYSE: ANF) was down, falling 10.68 percent to $34.22 after the company reported a 14 percent drop in its third-quarter comparable sales and cut its adjusted profit view for the full year.
In commodity news, oil traded up 1.64 percent to $94.90, while gold traded up 0.58 percent to $1,315.70. Silver traded up 0.64 percent Wednesday to $21.78, while copper fell 0.75 percent to $3.23.
Eurozone
European shares were higher today. The Spanish Ibex Index rose 0.25 percent, while Italy's FTSE MIB Index climbed 0.68 percent. Meanwhile, the German DAX gained 0.32 percent and the French CAC 40 surged 0.79 percent while U.K. shares fell 0.08 percent.
The Mortgage Bankers Association reported that its index of mortgage application activity declined 7 percent for the week ending November 1.
Planned layoffs rose 13.5 percent to 45,730 in October versus September, but fell 4.2 percent versus the year-ago period, according to Challenger, Gray & Christmas.
The Conference Board's leading economic index rose 0.7 percent in September, versus economists' expectations for a 0.6 percent growth.Crude stockpiles rose 1.6 million barrels for the week ending November 1, the US Energy Information Administration reported. However, analysts were expecting a gain of 2.5 million barrels.
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.