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.
Casino stocks were broadly lower Tuesday after November figures showed a steep drop in gaming wins on the Las Vegas Strip.
The Nevada Gaming Commission said winnings in the Strip district fell 4 percent during November to $508.3 million, from $529.4 million a year earlier.
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!
Casino companies with Las Vegas operations centered on the Strip were off Tuesday: MGM Resorts International (NYSE: MGM) fell 0.65 percent to $21.34 and Caesars Entertainment Corp. (NASDAQ: CZR), was off by a similar percentage.
In Las Vegas' Downtown district, winnings grew nearly 13 percent to $42.8 million.
Boyd Gaming Corp. (NYSE: BYD), which has Las Vegas operations centered in the Downtown district, gained nearly 3 percent Tuesday to $12.50 a share.
For all of Clark County, Nevada, which includes the entire Las Vegas region, winnings rose 0.93 percent to $764 million.
Statewide gaming wins, which include Reno and numerous smaller locations, posted wins of $876.3 million, up 0.04 percent from November 2013.
For the fiscal year to date July 1, 2014, through November 30, 2014, gaming winnings are down 2.67 percent.
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.