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.
Even though oil prices tumbled on Monday, after countries participating in this weekend’s Doha meeting failed to reach a deal to limit oil production, stocks were still surging.
The S&P 500 Index closed up 0.65 percent, with Endo International plc - Ordinary Shares (NASDAQ: ENDP), up 8.2 percent, and Hasbro, Inc. (NASDAQ: HAS), up 5.79 percent on its earnings call, having posted the largest gains.
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The Dow Jones Industrial Average gained 0.6 percent.Among the largest gainers were Walt Disney Co (NYSE: DIS), which was up 2.93 percent on the successful debut of the is latest film, "The Jungle Book,” and Visa Inc (NYSE: V), which rose 1.72 percent ahead of its earnings call this Thursday.
The Nasdaq 100 Index surged 0.44 percent, driven by gains at DISH Network Corp (NASDAQ: DISH), which was up 4.19 percent, and Tripadvisor Inc (NASDAQ: TRIP), which rose 3.87 percent.
On the other hand, Apple Inc. (NASDAQ: AAPL) lost 2.16 percent on Monday trading, after Maybank said iPhone second quarter sales could hit their lowest in two years.
Earnings & After Hours Movers
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After the market closed on Monday, International Business Machines Corp. (NYSE: IBM) posted first quarter EPS of $2.35 on revenue of $18.684 billion, well above the Street’s consensus of $2.07 and $18.325 billion. Shares of the tech giant were down about 2.75 percent in after-hours trading, probably on the back of the decline seen in sales – which was countered by favorable FX-rate fluctuations.
Netflix, Inc. (NASDAQ: NFLX) also reported its first quarter financial results after the bell rang on Monday. While EPS of $ 0.06 beat estimates by $0.03, revenue of $1.958 billion fell roughly $ 10 million short of expectations. Nonetheless, the shares were trading down more than 10.4 percent in after-hours after management issued weak guidance for the second quarter.
The morning also saw some interesting earnings calls:
Morgan Stanley (NYSE: MS) delivered first quarter EPS of $0.55 on revenue of $7.792 billion, beating the Street’s consensus of $0.46 and $ 7.781 billion. Shares were trading up 5.8 percent in today’s after-hours session.
PepsiCo, Inc. (NYSE: PEP) posted EPS of $ 0.89, $ 0.08 above the Street’s consensus, on revenue of $11.862 billion, pretty much in line with expectations.
Finally, Hasbro, one of the day’s big gainers, continued to surge (0.7 percent) after the bell rang, driven by its earnings call as well. EPS of $0.38 and sales of $831.18 million both beat estimates for $0.24 and $768.35 million.
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.