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.
- SunGard's Astec Analytics looks into short-selling activity weekly.
- This week’s top pick, from a securities lending perspective, is none other than Apple Inc. (NASDAQ: AAPL).
- Other stocks that are seeing substantial short-selling activity include Chesapeake Energy Corporation (NYSE: CHK) and GoPro Inc (NASDAQ: GPRO).
SunGard's Astec Analytics provides intraday short-selling market data via securities lending analytics. In a recent report sent to clients, the firm shared a “roundup of some of the hottest stocks from a securities lending perspective.”
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Below is a look at Karl Loomes’ list of top stocks in the Americas -- from a security lending perspective.
Apple
Same as last week, Apple was Astec’s top pick for the Americas this week. The company was once again in the spotlight as it released its new iPhone 6S range, “which as usual saw fans queuing around the street in anticipation.”
Related Link: Two U.S.-Listed European Stocks To Short
Management said that, based on pre-orders, it anticipates sales in the first weekend to surpass the 10 million units its predecessor sold last year. “Despite this, the company’s share price saw fairly mixed trade during the week,” the report assures. “While Astec’s data suggests short sellers have been taking a bearish view for the firm over the past month, during which time borrowing volumes have climbed 32 percent.”
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Chesapeake Energy
Also maintaining its spot from last week is Chesapeake. Over the past week, oil prices took another blow, following the release of official data from the U.S. Energy Information Administration (EIA), which showed crude production in the U.S. has increased to 9.14m/bpd. In addition, TheStreet’s online research platform rates the stock a sell.
“The ongoing trouble with the oil markets saw its shares pressured during the week, though on the borrowing front our data hints at the first stages of slackening demand to short sell its stock, with the cost of borrowing falling from more than 16 percent to about 12 percent,” Loomes expounds.
Other Stocks Sold Short
Other stocks sold short include:
- GoPro
- Fitbit Inc (NYSE: FIT)
- ZIOPHARM Oncology Inc. (NASDAQ: ZIOP)
- Keryx Biopharmaceuticals (NASDAQ: KERX)
Check out Part 2 of this article to see what Mr. Loomes and Astec Analysts have to say about the four stocks mentioned directly above.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.