October 7, 2015 10:50 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 10:30 am, the Dow gained 0.49 percent to 16,872.20, the broader Standard & Poor's 500 index moved up 0.47 percent to 1,989.20 and the NASDAQ composite index rose 0.23 percent to 4,759.49. The industries that are driving the market today are:
Nonmetallic Mineral Mining: This industry jumped 3.3 percent by 10:30 am. The top performer in this industry was
Yanzhou Coal Mining Co Ltd (ADR)(NYSE: YZC), which rose 6.8 percent. Yanzhou Coal Mining shares have dropped 38.80 percent over the past 52 weeks, while the S&P 500 index has gained 0.56 percent in the same period.
Cement: This industry rose 3.2 percent by 10:30 am ET. The top performer in this industry was
Cemex SAB de CV (ADR) (NYSE: CX), which gained 3.3 percent. Cemex's trailing-twelve-month revenue is $13.07 billion.
Copper: The industry gained 3.1 percent by 10:30 am. The top performer in this industry was
Freeport-McMoRan Inc (NYSE: FCX), which gained 3.8 percent. Freeport-McMoRan appointed two new directors - Andrew Langham and Courtney Mather. Freeport-McMoRan reported that Carl Icahn and his affiliates own 100 million shares of common stock.
Semiconductor - Integrated Circuits: This industry moved up 2.7 percent by 10:30 am. The top performer in this industry was
Sunedison Inc (NYSE: SUNE), which rose 10 percent. Sunedison's board approved recommendation for restructuring. The company announced plans to lower its workforce by 15 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.
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