November 16, 2015 10:09 AM | 2 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.
Following the market opening Monday, the Dow traded up 0.14 percent to 17,269.62 while the NASDAQ gained 0.05 percent to 4,930.24. The S&P also rose, gaining 0.18 percent to 2,026.60.
Leading and Lagging SectorsIn trading on Monday, non-cyclical consumer goods & services shares rose by 0.64 percent. Top gainers in the sector included
Craft Brew Alliance Inc (NASDAQ: BREW), up 3.4 percent, and
Boston Beer Co Inc (NYSE: SAM), up 3 percent. Financial shares dipped around 0.18 percent in Monday's trading. Meanwhile, top losers in the sector included
MFC Industrial Ltd (NYSE: MIL), down 7 percent, and
Farmers Capital Bank Corp (NASDAQ: FFKT), off 3 percent.
Top Headline Marriott International Inc (NASDAQ: MAR) announced its plans to buy
Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) for $12.2 billion.The combined company would have more than 5,500 hotels with around 1.1 million rooms worldwide.
Equities Trading UP Sunoco LP
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(NYSE: SUN) shares shot up 11 percent to $36.75. Sunoco reported the dropdown to SUN of the remaining 68.42% interest in Sunoco and 100% interest in the Legacy Sunoco retail business for around $2.226 billion.Shares of
Nexvet Biopharma plc (NASDAQ: NVET) got a boost, shooting up 16 percent to $5.65 after the company reported positive results from NV-01 pivotal study in dogs with osteoarthritis.
Oracle Corporation (NYSE: ORCL) shares were also up, gaining 2 percent to $38.07. Goldman Sachs added Oracle to its Conviction Buy list and raised the price target to $47.00.
Equities Trading DOWN Clovis Oncology Inc (NASDAQ: CLVS) shares tumbled 68 percent to $32.06 following report of the FDA request for additional information on lung cancer drug. Shares of
Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were down 6 percent to $70.70 after
Marriott International Inc (NASDAQ: MAR) announced its plans to buy Starwood for $12.2 billion.
Dillard's, Inc. (NYSE: DDS) was down, falling 7 percent to $72.38 after the company reported weaker-than-expected Q3 earnings.
CommoditiesIn commodity news, oil traded up 0.10 percent to $40.78, while gold traded up 0.57 percent to $1,087.10. Silver traded up 0.36 percent Monday to $14.26, while copper fell 1.18 percent to $2.14.
EurozoneEuropean shares were lower today. The eurozone's STOXX 600 rose 0.06 percent, the Spanish Ibex Index fell 0.32 percent, while Italy's FTSE MIB Index slipped 0.38 percent. Meanwhile, the German DAX declined 0.07 percent, and the French CAC 40 slipped 0.44 percent, while U.K. shares rose 0.28 percent.
EconomicsThe Empire State manufacturing index rose to negative 10.74 for November, compared to negative 11.36 in October. However, economists were expecting a reading of negative 6.
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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