July 1, 2015 1:35 PM | 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.
em>Joel Elconin is the co-host of
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.
, a daily trading idea radio show.General Motors (NYSE: GM) shares are trading lower by $0.56 at $32.77 in Wednesday's session. The catalyst for the decline is a three percent decline it total sales for the month of June. The big drag on the company's sales for the month were total fleets sales being down 29 percent year over year.The issue has been under constant selling pressure ever since Goldman Sachs downgraded the issue from Buy to Neutral on Juner 24. Since that ratings change was made the issue has fallen from its June 23 close ($36.30) to its current level.So far, it has reached $32.71 and has not been able to distance itself from that low.. That marks the lowest level for the issue since it bottomed on February 24 at $32.44.On that same day, Goldman Sachs upgraded Ford (NYSE: F) from Buy to Neutral. However, that put in place at $15.66 from which it has back off considerably.
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