June 11, 2014 10:27 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.
At 10:25 am, the Dow dropped 0.49% to 16,862.89, the broader Standard & Poor's 500 index moved down 0.32% to 1,944.64 and the NASDAQ composite index fell 0.08% to 4,334.51.The industries that are still afloat in the market today are:Semiconductor- Memory Chips: This industry jumped 4.68% by 10:25 am. The top performer in this industry was Rambus (NASDAQ: RMBS), which rose 6%. Rambus raised its Q2 sales forecast. Qualcomm (NASDAQ: QCOM) will be integrating the CryptoManager Security Engine into its chips, according to Rambus.Computer Peripherals: This industry rose 4.13% by 10:25 am ET. The top performer in this industry was Synaptics (NASDAQ: SYNA), which gained 23%. Synaptics announced its plans to acquire display-chip company Renesas SP Drivers. The company also lifted its Q4 revenue forecast. Personal Services: The industry gained 2.59% by 10:25 am. The top performer in this industry was ULTA Salon, Cosmetics & Fragrance (NASDAQ: ULTA), which gained 13.9%. ULTA Salon reported stronger-than-expected first-quarter results.Catalog & Mail Order Houses: This industry moved up 1.47% by 10:25 am. The top performer in this industry was Amazon.com (NASDAQ: AMZN), which gained 2.1%. Goldman added Amazon shares to 'Conviction Buy' list.
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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