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.
As the Thursday trading day winds down, the Dow is trading up 0.29 percent to 16,680.70 while the NASDAQ ran up 0.44 percent 4,243.73 and S&P 500 increased 0.44 percent to 1,918.10.
Leading and Lagging Trades
Top gainers for the non-cyclical consumer goods & services sector were The Hillshire Brands (NYSE: HSH), up 17.59 to $52.70, and Tyson Foods (NYSE: TSN) up 6.44% to $43.37/
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Top Headline
Yesterday Apple (NASDAQ: AAPL) announced their purchase of Beats Electronics, LLC for $3B making it the company's largest acquisition in history. Apple is trading up 1.83% today to $635.54.
Equities Trading Up
The Hillshire Brands (NYSE: HSH) surged on the day as news of Tyson Brands (NYSE: TSN) announced a $50 per share bid for the firm.
Popeyes Louisiana Kitchen (NASDAQ: PLKI) maintained their early morning strength, shooting up 14.60% to $43.63 after reporting an upbeat Q1 statement and raising their FY14 earnings forecast.
Palo Alto (NYSE: PANW) shares were also up, gaining 5.39% to $73.26 after the company reported better-than-expected third-quarter results and said it settled patent dispute with Juniper Networks (NYSE: JNPR).
Equities Trading Down
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Booz Allen Hamilton Holding Corporation (NYSE: BAH) is down 6.33% to $22.14 on news of Carlyle selling 10 million Class A shares.
Santander Consumer USA Holdings (NYSE: SC) is trading down 4.90% to $19.70 after stating the company will not pay any future dividends until it submits a capital plan to the FED that receives a Non-Objection response.
Shares of Fabrinet (NYSE: FN) were down 4.24 percent to $18.73 after the company priced a secondary offering by selling shareholder of 3.15 million shares.
Commodities
In commodity news, oil traded up 0.84 percent to $103.56, while gold traded down 0.35 percent to $1,255.30.
Silver traded down 0.28 percent Thursday to $19.00 while copper rose 0.36% percent to $3.20.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 rose 0.06 percent, the Spanish Ibex Index fell 0.21 percent, while Italy’s FTSE MIB Index tumbled 0.35 percent. Meanwhile, the German DAX closed flat percent and the French CAC 40 declined 0.02 percent while UK shares rose 0.29 percent.
Economics
The US economy shrank 1% in the first quarter, versus economists’ expectations for a 0.5% decline. US exports dropped 6%, while imports increased 0.7%.
US jobless claims declined 27,000 to 300,000 in the week ended May 24. However, economists were projecting claims to reach 318,000 in the week.
The pending home sales index increased 0.4% to reach 97.8 in April versus 97.4 in March, according to the National Association of Realtors.
Supplies of natural gas climbed 114 billion cubic feet for the week ended May 23, the US Energy Information Administration said. However, analysts were expecting a rise of 107 billion cubic feet to 111 billion cubic feet.
Data on money supply will be released at 4:30 p.m. ET.
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.