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.
After the S&P 500 roared back over the past six years following the Financial Crisis, the market took a break in 2015, finishing the year down 0.73 percent. Some unfortunate stocks, however, were hit harder than others.
With oil and other commodity prices hitting new multi-year lows in 2015, many of the worst performing stocks in the S&P were oil/gas and commodity-related names.
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Here’s a look at the five worst performing stocks in the S&P 500 in 2015. Each of these five stocks gave up more than two-thirds of its market cap throughout the year.
5. Fossil Group Inc (NASDAQ: FOSL)
With the dawn of the smartwatch, conventional watchmakers now run the risk of becoming a relic of the past. Fossil’s stock fell 66.8 percent in 2015.
4. Freeport-McMoRan Inc (NYSE: FCX)
With copper prices at six-year lows, it’s not surprising to see one of the world’s largest copper producers make the 2015 worst performers list. Freeport’s stock plummeted 70.1 percent on the year.
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3. Southwestern Energy Company (NYSE: SWN)
After an ugly 30.0 percent swoon in December, Southwestern landed itself among the worst performing stocks of 2015. The stock declined by a staggering 73.8 percent in 2015.
2. CONSOL Energy Inc. (NYSE: CNX)
After leading the list of S&P 500 decliners for the most of the year, coal and gas stock CONSOL narrowly avoided the top spot on the list after a ringing November endorsement from David Einhorn. CONSOL still fell 76.5 percent on the year.
1. Chesapeake Energy Corporation (NYSE: CHK)
It’s not surprising that yet another oil and gas stock takes the dubious distinction of the worst-performing S&P 500 stock of the year. In a photo finish, Chesapeake edged out CONSOL by falling a stunning 76.7 percent in 2015.
Disclosure: The author owns shares of CONSOL.
Image Credit: Public Domain
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.