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.
Following the market opening Monday, the Dow traded up 0.62 percent to 17,106.28 while the NASDAQ surged 0.59 percent to 4,565.08. The S&P also rose, gaining 0.56 percent to 1,999.52.
Leading and Lagging Sectors
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Monday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from InterMune (NASDAQ: ITMN) and Infinity Pharmaceuticals (NASDAQ: INFI).
In trading on Monday, basic materials shares gained by just 0.10 percent. Meanwhile, top decliners in the sector included Greif (NYSE: GEF), down 5.7 percent, and Noranda Aluminum Holding (NYSE: NOR), off 2.1 percent.
Top Headline
Burger King Worldwide (NYSE: BKW) is in talks to acquire Canadian doughnut chain Tim Hortons (NYSE: THI).
A potential deal would create the third-largest fast food chain in the world. The new company would be headquartered in Canada
Equities Trading UP
InterMune (NASDAQ: ITMN) shares shot up 35.78 percent to $73.05 after Roche (OTC: RHHBY) announced its plans to acquire InterMune for $74.00 per share in cash.
Shares of Burger King Worldwide (NYSE: BKW) got a boost, shooting up 14.46 percent to $31.03. Burger King (NYSE: BKW) is in talks to acquire Tim Hortons (NYSE: THI).
Tim Hortons (NYSE: THI) shares were also up, gaining 17.97 percent to $74.13 following the confirmation of merger talks.
Equities Trading DOWN
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Shares of Qihoo 360 Technology Co (NYSE: QIHU) were down 7.90 percent to $93.71 after the company reported Q2 results. Qihoo 360 reported Q2 adjusted EPADS of $0.50 on revenue of $317.90 million.
Greif (NYSE: GEF) shares tumbled 5.49 percent to $47.54 after the company cut its FY14 earnings forecast.
Leju Holdings (NYSE: LEJU) was down, falling 6.82 percent to $17.16 after surging around 36.2% in the previous month.
Commodities
In commodity news, oil traded up 0.06 percent to $93.71, while gold traded down 0.11 percent to $1,278.80.
Silver traded down 0.12 percent Friday to $19.44, while copper rose 0.19 percent to $3.23.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 gained 0.75 percent, the Spanish Ibex Index climbed 1.21 percent, while Italy’s FTSE MIB Index surged 1.47 percent. Meanwhile, the German DAX rose 1.16 percent and the French CAC 40 surged 1.27 percent while UK shares dropped 0.04 percent.
Economics
The Chicago Fed National Activity Index rose to 0.39 in July, versus economists’ expectations for a reading of 0.20.
The preliminary reading of the Markit services PMI fell to 58.50 in August, versus a prior reading of 60.80. However, economists were expecting a reading of 58.00.
Sales of new US homes declined 2.4% to an annual rate of 412,000 in July. However, economists were expecting a sales rate of 430,000 in July.
The Treasury is set to auction 3-and 6-month bills.
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.