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.
Every Monday, Bespoke publishes the historical median returns of the S&P 500, sectors of the economy and individual stocks for the upcoming couple of weeks based on the returns seen over the past ten years. Of course, the firm highlights, basing investment solely on seasonal trends is not a great idea, for trends do not imply exact repetition. However, knowing historical tendencies always comes in handy when picking out stocks, sectors or ETFs to invest in.
In an article issued Monday, Bespoke shared a list of the fifteen S&P 500 stocks that have posted the highest historical median returns during the entire month of March over the last ten years.
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GameStop Corp. (NYSE: GME) lead the list, having delivered a median March return of 12.25 percent. It should also be noted that the company’s March returns were positive in 9 of the past 10 years; only in 2012 did it post a loss of 4.1 percent.
Analysts at Bespoke noted, however, that the most consistent top performing stock in the S&P 500 was Signet Jewelers Ltd. (NYSE: SIG), which has posted positive returns in each one of the last ten years, averaging a gain of 8.64 percent. The company reported preliminary earnings for the fourth quarter on Monday morning, beating estimates, and leading the stock to sore about 10 percent, “getting a headstart on their typically strong March, so it will be interesting to see if the stock can build on those gains in the month ahead,” the analysts added.
Finally, there’s Chipotle Mexican Grill, Inc. (NYSE: CMG), which occupies the ninth spot in this list. “The stock has already bounced nicely off its January E.coli lows, but with a median gain of 7.4 percent, the month of March has also been strong for the stock over the last decade,” the note concluded.
Below is a table of the top 15 best performing stocks in the S&P 500 (for March) over the past 10 years.
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.