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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Basic materials sector declined by just 0.01% in today's trading. The top gainers in the sector included McEwen Mining (NYSE: MUX), Endeavour Silver (NYSE: EXK) and Verso Paper (NYSE: VRS). Industrials sector was the leading decliner in the US market today. Among the sector stocks, China Distance Education Holdings (NYSE: DL) was down more than 10.3 percent, while Raven Industries (NASDAQ: RAVN) tumbled around 9.5 percent. Top Headline
Express (NYSE: EXPR) reported a drop in its fourth-quarter profit and issued a weak outlook. Express expects Q1 profit of $0.12 to $0.18 per share and full-year profit of $1.03 to $1.23 per share. However, analysts were expecting a Q1 profit of $0.42 per share and full-year profit of $1.59 per share. Express posted its quarterly profit of $47.9 million, or $0.57 per share, versus a year-ago profit of $63.9 million, or $0.75 per share. However, analysts expected a profit of $0.59 per share. Equities Trading UP
EPL Oil & Gas (NYSE: EPL) shot up 28.68 percent to $37.46 after Energy XXI (NASDAQ: EXXI) announced its plans to buy EPL Oil & Gas for about $1.53 billion.Shares of Chimerix (NASDAQ: CMRX) got a boost, shooting up 10.46 percent to $22.97 after the company received the FDA approval to provide brincidofovir to Josh Hardy.VeriFone Systems (NYSE: PAY) was also up, gaining 7.93 percent to $31.57 after the company reported upbeat fiscal first-quarter results
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Shares of Express (NYSE: EXPR) were down 12.23 percent to $16.01 after the company reported downbeat Q4 earnings and issued a weak forecast.Raven Industries (NASDAQ: RAVN) shares tumbled 10.21 percent to $35.69 after the company reported fourth-quarter results.China Distance Education Holdings (NYSE: DL) was down, falling 10.15 percent to $20.19 after the company priced follow-on public offering of 4 million ADSs at $21.00 per ADS.Commodities
In commodity news, oil traded down 1.24 percent to $98.79, while gold traded up 1.47 percent to $1,366.50. Silver traded up 1.59 percent Wednesday to $21.15, while copper rose 0.08 percent to $2.95.Euro zone
European shares were lower today. The Spanish Ibex Index fell 1.38 percent, while Italy's FTSE MIB Index declined 0.51 percent. Meanwhile, the German DAX tumbled 1.53 percent and the French CAC 40 declined 1.44 percent while U.K. shares fell 1.07 percent.Economics
The MBA reported that its index of mortgage application activity declined 2.10% in the week ended March 7. The US Treasury monthly budget report for February will be released at 2:00 p.m. ET. The Treasury is set to auction 10-year notes.
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.