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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Making the top headlines Tuesday afternoon was news that American Airlines (OTCQB: AAMRQ) and US Airways (NYSE: LCC) had reached a settlement with federal regulators to allow the companies to execute a $17.2 billion merger.The news sent shares of both company's stock soaring, while significantly affecting shares of every major player in the airline industry Tuesday afternoon.Equities Trading UP
Heartland Express (NASDAQ: HTLD) shot up 24.23 percent to $17.79 after the company reported that it has acquired Gordon Trucking for $300 million. Shares of D.R. Horton (NYSE: DHI) were also on the rise after the reported a rise in its fiscal fourth-quarter profit. The company gained 4.93 percent to $18.96 towards the end of trading Tuesday. Western Refining (NYSE: WNR) was up as well, gaining 9.18 percent to $36.14 after the company announced it had bought a stake in Northern Tier Energy. Equities Trading DOWN
Shares of Rackspace Hosting (NYSE: RAX) were down 12.59 percent to $43.09 after the company reported a 40% drop in its third-quarter net income. Hologic (NASDAQ: HOLX) shares tumbled 12.40 percent to $20.10 after the company issued downbeat outlook for fiscal 2014. Canaccord Genuity downgraded the stock
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In commodity news, oil traded down 2.11 percent to $93.13, while gold traded down 1.15 percent to $1,266.20. Silver traded down 3.01 percent Tuesday to $20.72, while copper fell 1.18 percent to $3.22.Euro zone
European shares were lower today. The Spanish Ibex Index tumbled 0.84 percent, while Italy's FTSE MIB Index fell 0.54 percent. Meanwhile, the German DAX dropped 0.34 percent and the French CAC 40 declined 0.61 percent while U.K. shares fell 0.02 percent.Economics
The NFIB's small-business optimism index fell to 91.6 in October, versus 93.9 in September. The Chicago Fed National Activity Index came in at 0.14 for September. However, economists were expecting a reading of 0.15. The ICSC-Goldman Sachs store sales index rose 1.2% in the week ended Saturday versus the earlier week. The Johnson Redbook Retail Sales Index dropped 0.8% in the first week of November versus October.
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.