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.
- What people say about stocks and the market on social media continues to gain importance in the investment world.
- Consequently, Market Prophit compiles and analyzes social media commentary related to the stock market and general investing, and then elaborates statistics that track sentiment for both experts (Market Prophits) and the public (the Crowd).
- On Wednesday, Benzinga spoke with Market Prophit’s CEO Igor Gonta, who shared some commentary about trending stocks.
Holiday Roundup
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The expert wanted to go into the holiday season. “It's interesting to take a look at earnings past and future for some key retailers as we head into holiday and the all important Black Friday,” he said.
Macy’s
After the company reported disappointing earnings, Macy's, Inc. (NYSE: M)’s stock tanked. “Currently, the Crowd is slightly bullish while the Market Prophits are very bearish,” the Chief Executive explained.
JC Penney
J C Penney Company Inc (NYSE: JCP) also reported disappointing earnings and “proceeded to fall quite hard afterwards,” Gonta continued. “Currently, both the Crowd and Market Prophits are bearish.”
Target
Finally, there’s Target Corporation (NYSE: TGT), which “just beat earnings and raised the lower end of revenue guidance. Currently, the Crowd is bullish while the Market Prophits are bearish,” the analyst told Benzinga.
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.