December 24, 2015 10:08 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 Thursday, the Dow traded down 0.31 percent to 17,547.34 while the NASDAQ slipped 0.02 percent to 5,045.13. The S&P also fell, dropping 0.26 percent to 2,058.91.
Leading and Lagging SectorsOn Thursday, healthcare shares surged by 0.02 percent. Top gainers in the sector included
Cerus Corporation (NASDAQ: CERS),
Heska Corp (NASDAQ: HSKA), and
Corcept Therapeutics Incorporated (NASDAQ: CORT). In trading on Thursday, energy shares dropped by 0.71 percent. Meanwhile, top losers in the sector included
Bill Barrett Corporation (NYSE: BBG), down 12 percent, and
Denbury Resources Inc. (NYSE: DNR), down 7 percent.
Top HeadlineCal-Maine Foods Inc (NASDAQ: CALM) reported weaker-than-expected results for its fiscal second quarter on Wednesday.Cal-Maine reported quarterly earnings of $2.26 per share on revenue of $546 million. However, analysts were expecting earnings of $2.40 per share on revenue of $552 million.
Equities Trading UP
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(NYSE: PN) shares shot up 25 percent to $8.69 after the company reported that it has closed a rescission and exchange agreement with certain institutional investors to repurchase 1,666,666 shares for approximately $20 million.Shares of
Sunedison Inc (NYSE: SUNE) got a boost, shooting up 9 percent to $5.90 after the company said it has been engaged in discussions relating to a new second lien credit facility of up to $650 million. Adage Capital Partners reported a new stake in SunEdison of 5.37 percent in 13G filing.
MBIA Inc. (NYSE: MBI) shares were also up, gaining 8 percent to $6.72 as Puerto Rico Electric Power Authority (PREPA) reached a deal with creditors.
Equities Trading DOWN Revance Therapeutics Inc (NASDAQ: RVNC) shares tumbled 9 percent to $33.25. The company reported positive Phase 2 results for RT001 botulinum toxin type A topical gel for the treatment of axillary hyperhidrosis.Shares of
Cal-Maine Foods Inc (NASDAQ: CALM) were down 3 percent to $48.19 after the company reported weaker-than-expected results for its fiscal second quarter.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) was down, falling around 1 percent to $48.58. SunTrust Robinson Humphrey downgraded Bed Bath & Beyond from Buy to Neutral.
CommoditiesIn commodity news, oil traded up 1.52 percent to $38.07, while gold traded up 0.59 percent to $1,074.60. Silver traded up 0.55 percent Thursday to $14.37, while copper fell 0.28 percent to $2.12.
EurozoneEuropean shares were mixed today. The eurozone's STOXX 600 declined 0.01 percent, the Spanish Ibex Index jumped 0.43 percent, the French CAC 40 slipped 0.24 percent, while U.K. shares rose 0.22 percent.
EconomicsUS jobless claims slipped by 5,000 to 267,000 in the week ended December 19. However, economists were expecting claims to reach 270,000 in the week.
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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